Bitcoin: Binance Doubles Down and ‘Buys BTC on the Dip’ for $250M from its SAFU Fund

The conversion to Bitcoin is progressing at a rapid pace. January 30 group Binance announced the start converting $1 billion worth of stablecoins from its SAFU fund into Bitcoin (BTC) . After two initial purchases of $100 million each, the cryptocurrency exchange on February 6 completed the further conversion of stablecoins to the amount of 250 million dollars in BTC.

Key points of this article:

• Binance performed a large-scale conversion of $250 million worth of stablecoins into Bitcoin for its SAFU fund.
• The crypto exchange has already accumulated 6,230 BTC and plans to convert another $550 million of stablecoins to Bitcoin by early March.

Binance’s SAFU fund converts its stablecoins to an additional 3,600 BTC After implementation initial purchase of $100 million worth of bitcoins by means of stablecoins fund SAFU in US dollars on February 2, 2026, the Binance platform repeated the operation of February 4, carrying out the second tranche of conversion of stablecoins to BTC for the same amount.

And on Friday, February 6, 2026, it’s happening again, but on a bigger scale: a group founded by Changpeng “CZ” Zhao announced on X that it has acquired additional 3600 Bitcoins on $250 million in stablecoins .

“Update on the progress of the conversion of assets from the SAFU Binance Fund”.
Binance has completed the purchase of 3,600 BTC for the SAFU fund, which is $250 million in stablecoins. (…)
We continue to purchase bitcoins for the SAFU fund with the goal of completing the fund conversion within 30 days of our initial announcement.
We will share updates with the community as they become available.

Binance

Account X @binance

Already accumulated 6,230 BTC and still need to convert 550 million stablecoins to Bitcoin. After two previous purchases/conversions of 1315 bitcoins each the SAFU Binance Fund now has a total of 6320 Bitcoins in their reserves.

Thus, to March 1 (“within 30 days of first announcement” as mentioned above) cryptocurrency exchange platform will still have stablecoins in the amount of 550 million dollars for conversion into a valuable digital asset.

Will the exchange stick to a two-day buying schedule like it did for the first three tranches of bitcoin purchases? If so, then converting $1 billion worth of stablecoins may be completed well before the end of the month.

It should be said that considering that at the time of writing the article (February 6) the price of bitcoin is still below $70,000 Binance seems to have executed a great strategy “ buy in recession “. But to be sure, we’ll have to wait and see if $60,000 level which was almost achieved, will indeed become the bottom this sharp drop. Let’s see.