Binance SAFU Fund Converting to BTC
Binance cryptocurrency exchange has purchased the first 1.315 Bitcoin (BTC) as part of the Secure Asset Fund for Users (SAFU) conversion plan. The BTCs worth 101 million dollars were acquired at an average price of 77.409,89 dollars according to Blockchain.com data. Binance announced that it will transfer the remaining 1 billion dollars of SAFU from stablecoins to BTC within the next 27 days. SAFU, established in 2018 and funded by Binance trading fees, will continue to be used as a user protection pool against user losses in extraordinary events.
Binance converted 100 million dollars to BTC. Source: Blockchain.com
SAFU’s stablecoin portion was transferred from BUSD to USDC in 2024, preserving liquidity and US dollar peg. With this new step, the fund will fully convert to BTC, supporting user protection with the sector’s main long-term store of value. Binance has approximately 900 million dollars in BTC purchasing power. This development occurred following a sharp crypto sell-off where BTC price fell below 75.000 dollars.
Bitcoin price chart. Source: CoinMarketCap
BTC Market Decline and SAFU Context
Bitcoin has fallen below MicroStrategy’s cost basis (76.037 $) for the first time since October 2023. It has also dropped below 80.000 dollars for the first time since April 2025. Binance’s BTC purchase at an average of 77.409 $ during this sell-off indicates strong accumulation at bottom levels.
BTC Technical Analysis: Support and Resistance Levels
Current BTC price 78.542 $, 24h +0.51%. RSI 29.38 (Oversold), downtrend dominant. EMA 20: 86.407 $. Supports: S1 74.604$ (strong, 74% score), S2 77.530$ (medium). Resistances: R2 79.396$ (strong, 72%), R1 84.450$ (strong). Purchase price near S2, high recovery potential.
Source: https://en.coinotag.com/binance-safu-funds-first-1315-btc-purchase
