{"id":554849,"date":"2026-02-12T09:53:07","date_gmt":"2026-02-12T09:53:07","guid":{"rendered":"https:\/\/e-bitco.in\/index.php\/2026\/02\/12\/binance-completes-1b-bitcoin-conversion-for-safu-emergency-fund\/"},"modified":"2026-02-12T09:53:07","modified_gmt":"2026-02-12T09:53:07","slug":"binance-completes-1b-bitcoin-conversion-for-safu-emergency-fund","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/02\/12\/binance-completes-1b-bitcoin-conversion-for-safu-emergency-fund\/","title":{"rendered":"Binance completes $1B Bitcoin conversion for SAFU emergency fund"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjYtMDIvMDE5YzQyM2ItN2NkMi03YzE3LTk2ZjEtMzIzODVhZGIxOWY0LmpwZw==.jpg\" alt=\"Binance completes $1B Bitcoin conversion for SAFU emergency fund\" class=\"type:primaryImage\" \/><\/p>\n<p>Binance completed its $1 billion Bitcoin conversion for its emergency user fund as crypto sentiment hit record lows and smart money traders increased short exposure.<\/p>\n<p>Binance completed the $1 billion Bitcoin conversion for its emergency fund, committing to holding Bitcoin as its core reserve asset.<\/p>\n<p>Binance purchased another $304 million worth of Bitcoin (<a href=\"https:\/\/cointelegraph.com\/bitcoin-price\">BTC<\/a>) on Thursday, completing the conversion of $1 billion in Bitcoin for its Secure Asset Fund for Users (SAFU) wallet,  <a href=\"https:\/\/intel.arkm.com\/explorer\/address\/1BAuq7Vho2CEkVkUxbfU26LhwQjbCmWQkD\" rel=\"noopener nofollow\" target=\"_blank\">according <\/a>to Arkham data.<\/p>\n<p>The fund now holds 15,000 Bitcoin, worth over $1 billion, acquired at an average aggregate cost basis of $67,000 per coin, Binance said in a Thursday X <a href=\"https:\/\/x.com\/binance\/status\/2021840377104527724\" rel=\"noopener nofollow\" target=\"_blank\">post<\/a>.<\/p>\n<p><a href=\"https:\/\/cointelegraph.com\/news\/binance-completes-1b-bitcoin-safu-conversion\">Read more<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Binance completed its $1 billion Bitcoin conversion for its emergency user fund as crypto sentiment hit record lows and smart money traders increased short exposure. Binance completed the $1 billion Bitcoin conversion for its emergency fund, committing to holding Bitcoin as its core reserve asset. Binance purchased another $304 million worth of Bitcoin (BTC) on [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":554850,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":{"0":"post-554849","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blockchain"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/554849","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=554849"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/554849\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/554850"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=554849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=554849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=554849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}