Binance adds 4,225 Bitcoin to SAFU lifting total holdings above 10,455 BTC and strengthening user protection reserves.
The SAFU Bitcoin transfer came from internal wallets which limited market impact during Bitcoin trading near $70,000.
Binance SAFU now holds one of the largest exchange Bitcoin reserves after crossing the 10,000 BTC milestone.
Binance has increased the size of its Secure Asset Fund for Users (SAFU) after moving 4,225 Bitcoin into the reserve. On-chain data shows the transfer carried an estimated value of $299.6 million. Following the deposit, total SAFU Bitcoin holdings rose to about 10,455 BTC. At recent prices, the reserve stands near $734 million. The movement reflects continued adjustments to Binance’s internal reserve structure.
https://twitter.com/lookonchain/status/2020744504589054317?s=20
The transfer followed Binance’s earlier disclosure on reserve management. In late January, the exchange said it would convert about $1 billion from stablecoins into Bitcoin. The process was scheduled over a 30-day period. The plan focused on improving reserve visibility and strengthening user protection. Recent wallet activity shows Binance continues executing that strategy.
Binance Expands SAFU Bitcoin Reserves
Blockchain data confirms the Bitcoin moved into the official SAFU wallet. The funds came from a Binance-controlled hot wallet. Therefore, the transfer did not involve an open market purchase. Blockchain tracker Lookonchain identified the transaction during routine monitoring. Additionally, earlier inflows added several thousand Bitcoin to SAFU during the same week.
These transfers steadily increase the Bitcoin share within the protection fund. Each movement follows a measured pattern. Binance continues reallocating assets without sudden balance shifts. This approach supports consistent reserve growth. It also allows external observers to track changes through public blockchain data.
Internal Transfers Reduce Market Pressure
On-chain records indicate Binance sourced the Bitcoin internally. The exchange likely acquired the assets off-chain before reallocating them. It then transferred the coins into the SAFU wallet. This process avoids placing large buy orders on exchanges. As a result, it limits short-term price impact.
Bitcoin traded near the $70,000 level during the transfers. Despite the scale of the movement, price volatility remained limited. Most coins moved between wallets under Binance control. Therefore, the broader market showed little immediate reaction. However, the total accumulation over the week reached hundreds of millions of dollars.
SAFU Fund Crosses a Key Threshold
The latest deposit pushed the SAFU fund above 10,000 BTC. This level marks a significant expansion of the reserve’s Bitcoin base. Previously, SAFU held a smaller proportion of Bitcoin. Now, Bitcoin represents a major share of the fund’s total value. This change increases the fund’s capacity during extreme security events.
Binance created SAFU after a security incident in 2019. Since then, the exchange has allocated a portion of revenue to the reserve. In 2023, Binance SAFU shifted from BUSD to TUSD, USDT. The fund serves as a financial buffer during major disruptions. A larger Bitcoin balance strengthens that role.