Binance Bets the Farm on Bitcoin: The SAFU Fund Saga

Binance, the sprawling behemoth of crypto trading that feels a bit like a bustling train station at midnight, has announced another hefty handover of Bitcoin into its SAFU fund-an enterprise so earnest it could wear a cardigan and give you a lecture on risk management while you wait for a latte.

This is the second tranche after the platform revealed the plan last Friday, as if they were unveiling a new gadget at a stand-up kiosk, complete with banners and a dash of bewildering optimism.

Binance Keeps Buying Bitcoin

The official Binance account on X has issued an update about the SAFU fund’s asset shuffles, explaining that the second batch of stablecoins has been converted into Bitcoin-100 million USD-backed stablecoins stepping up to become the king of coins, like extras at a buffet discovering a new, more expensive dish.

“Binance has completed the second batch of Bitcoin conversion for the SAFU Fund, amounting to 100M USD stablecoins,” the tweet boasted, complete with addresses that look suspiciously like treasure maps for grown-ups who believe in digital dragons.

The transaction was also spotted by Whale Alert – Binance bought 1,315 Bitcoins with $100,548,147.

On Friday, Jan. 30, Binance announced its determination to accumulate Bitcoin for the SAFU fund, “aiming to complete conversion of the fund within 30 days of our original announcement.”

As reported by U.Today, the first conversion occurred on Feb. 2, three days after the public announcement. In total, Binance’s SAFU fund holds about $1 billion, and the plan is to convert the entire stack into Bitcoin, which sounds practical in the same way a magician insists he will pull a rabbit out of a hat that has already paid for itself.

On the same day that Binance tweeted its intentions, Justin Sun, founder of the TRON blockchain, chimed in that TRON would follow suit and begin accumulating Bitcoin as well, because apparently everyone loves a bit of “us too” when it comes to crypto fashion.

Bitcoin Briefly Touches $73,000

On Feb. 3, Bitcoin flirted with $73,000, a level not seen since early April 2025’s flirtation around $76,000, after an 18.8% swoop from the $90,000 neighborhood that began on Jan. 28. In total, about $2.55 billion worth of crypto vanished from the market, which is to say, money did a dramatic disappearing act and then left a note saying, “Be back soon, probably.”

Following that tumble, on Jan. 30, BTC rivals gold and silver experienced an unprecedented plunge of roughly 30% after briefly hitting new all-time highs above $5,000 and $100, respectively. At the moment, Bitcoin has managed to claw back some of its losses and is trading around $76,248 per coin, proof that markets enjoy a good comeback as much as anyone enjoys a second helping of cake.

Analysts cite three main reasons for the rebound: the gold crash mentioned earlier, the Magnificent Seven tech giants delivering less-than-spectacular reports, and the nomination of Kevin Warsh to the role of future Federal Reserve chair-an appointment famous for its hawkish grip on monetary policy, which is sort of the financial equivalent of stubbornly insisting the rain will stop if you glare at the clouds hard enough.

Read More

• Best Controller Settings for ARC Raiders

• DCU Nightwing Contender Addresses Casting Rumors & Reveals His Other Dream DC Role [Exclusive]

• 7 Home Alone Moments That Still Make No Sense (And #2 Is a Plot Hole)

• Ashes of Creation Rogue Guide for Beginners

• Stephen Colbert Jokes This Could Be Next Job After Late Show Canceled

• 10 X-Men Batman Could Beat (Ranked By How Hard It’d Be)

• Is XRP ETF the New Stock Market Rockstar? Find Out Why Everyone’s Obsessed!

• Paramount To Adapt Popular Anthropomorphic Children’s Book Series

• Rumour: Starfield PS5 to Take Flight Alongside New Expansion Next Year

• Jem And The Holograms Launches Truly Outrageous Collection Kickstarter (And Franchise Fans Don’t Want To Miss It)

2026-02-04 14:58