Binance SAFU Fund Up ₱13.79 billion ($228 million) After Bitcoin Buy
Binance's SAFU emergency fund has swelled to ₱72.6 billion ($1.2 billion) with ₱13.79 billion ($228 million) in unrealized gains after the exchange converted its entire ₱60.5 billion ($1 billion) stablecoin balance into Bitcoin during February's price dip.
Key Takeaway
Binance timed its SAFU conversion well — the fund's $228 million gain gives it deep reserves before any replenishment is needed.
Analyst Maartunn tracked how Binance converted its entire SAFU emergency fund into Bitcoin at February market lows, accumulating 15,000 BTC at an average entry of $69,244 per coin.
The exchange announced in early February 2026 it would convert the fund's stablecoin balance to Bitcoin over 30 days. Purchase records show Binance executed the strategy in stages: 1,315 BTC around February 2, another 3,663 BTC on February 6, and 4,225 BTC on February 9 at roughly $70,403. The timing proved sharp, with Bitcoin appreciating around 30% since the accumulation window.
Binance committed to replenishing the fund if its Bitcoin reserves fall below $800 million. That threshold now sits $400 million below the current $1.2 billion value, giving the exchange substantial cushion before any top-up is required. The exchange said it views Bitcoin as "the premier long-term reserve asset" and that holding the emergency fund in BTC keeps it "safe and stable."
The SAFU fund, launched in July 2018, is financed by allocating 10% of all trading fees generated across Binance's global platform. BNB, Binance's native token, traded around $650 on weekly charts as of May 8, 2026.
This article was written based on reporting from Bitcoinist.
