$200 Million Deployed: Why Binance’s Bitcoin Conversions Haven’t Moved the Market

Binance has completed two $100 million batches of stablecoin-to-Bitcoin conversions from its Secure Asset Fund for Users (SAFU), totaling $200 million or 20% of its $1 billion target. The conversions are part of a 30-day plan announced on January 30, 2026, which aims to shift the SAFU Fund’s reserves from stablecoins into Bitcoin while maintaining a protective floor for user funds. Binance SAFU Fund Conversions: $200 Million In, Bitcoin Price Shows Little Reaction The first batch, announced and executed ...