Binance is accelerating its move toward a Bitcoin-backed security reserve as the world’s largest crypto exchange completes a fresh $250 million BTC purchase, significantly expanding the holdings of its Secure Asset Fund for Users (SAFU). The latest acquisition adds 3,600 BTC at an average price of $69,444, pushing the fund’s total balance to 6,230 BTC, now valued at over $400 million following a February 6 onchain transfer. The move marks a decisive shift away from stablecoin-based reserves and signals growing institutional confidence in Bitcoin as a long-term store of value and risk buffer for centralized platforms. According to Binance’s official
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