'Perfecting Timing Too,' Binance's CZ Acknowledges Stablecoin to Bitcoin SAFU Funds Plan
Analysis
Price Impact
HighBinance, the world's largest exchange, is actively converting significant stablecoin reserves into bitcoin for its safu fund, demonstrating strong institutional confidence and providing substantial buying pressure, especially during market dips.
Trustworthiness
HighThe news comes directly from binance's former ceo cz acknowledging the plan, and the article details specific btc acquisition amounts (3,600 btc), indicating verifiable action from a major industry player.
Price Direction
BullishBinance's continuous acquisition of btc, particularly 'buying the dip,' for its user protection fund signals strong bullish sentiment from a key market participant and directly adds buying pressure, likely acting as a price floor.
Time Effect
ShortThe conversion plan is expected to be completed within 30 days, indicating sustained buying pressure for bitcoin over the immediate future.
Original Article:
Article Content:
Cover image via U.Today Read U.TODAY on Google News Binance adds 3,600 BTC to SAFU reserve Binance buys Bitcoin's dip Advertisement Despite the recent heavy downturn in the crypto market, the world’s leading cryptocurrency exchange Binance has continued to purchase Bitcoin in large quantities amid efforts to expand its user protection services. Following a post providing an update on Binance’s SAFU fund asset conversion, the exchange’s founder and former CEO Changpeng Zhao (CZ) has publicly acknowledged the exchange’s ongoing conversion of its SAFU reserves from stablecoins into Bitcoin. While the exchange had specifically revealed its plans to completely convert its stablecoin holding to Bitcoin within the space of one month, Binance CZ says the plan has fallen within the perfect time. HOT Stories Ripple Invited to White House, Peter Brandt Calls Out Bitcoin Manipulation, Musk Endorses Dogecoin, Vitalik Buterin Dumps Ethereum — Top Weekly Crypto News Crypto Market Review: $500,000,000 in XRP Buying Volume, Shiba Inu (SHIB) Surprisingly Bullish, Will Bitcoin (BTC) Be Saved Before $50,000? Binance adds 3,600 BTC to SAFU reserve Binance’s CZ has made his post in response to a viral tweet confirming that Binance has recently completed the purchase of 3,600 BTC for the SAFU fund. Advertisement As such, the exchange has successfully converted about $250 million worth of stablecoins into Bitcoin . Thus, the SAFU Bitcoin wallet now holds a total of 6,230 BTC as of Saturday, Feb. 7. You Might Also Like Sat, 02/07/2026 - 11:13 'Bitcoin Has No Back Door': Mark Yusko on Gold Comparison By Godfrey Benjamin Furthermore, Binance stated that the conversion process is still underway and it aims to be fully completed within 30 days of the original announcement. As such, the exchange has less than a month to complete its stablecoin to Bitcoin transitioning. Advertisement Notably, the exchange further stressed that it will continue acquiring Bitcoin for the SAFU fund and provide regular updates to the community as progress continues. Binance buys Bitcoin's dip The move has seen Binance double down on the asset’s dip as the exchange kick-started its SAFU fund Bitcoin conversion move when the asset was trading in the deep red territory. While Bitcoin had recently retested $60,000 during the recent market crash, its downtrend has given Binance the opportunity to expand its SAFU Bitcoin wallet with more BTC purchased at cheaper prices. #Binance #Bitcoin #Changpeng Zhao