Binance has executed the primary Bitcoin buy beneath its newly introduced $1 billion SAFU conversion plan, buying 1,315 BTC, valued at roughly $100.7 million.
The acquisition, coming simply days after the repurposing of its SAFU fund to a Bitcoin reserve, comes as markets wrestle via one other bout of heavy promoting stress.
Binance Makes a $100 Million Transfer That Appears a Lot Like Central Financial institution Intervention
On February 2, on-chain knowledge confirmed that the Binance SAFU Fund handle acquired 1,315 BTC price $100.7 million.
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SponsoredBinance Buys 1,315 BTC. Supply: Arkham Information
It marks the primary accomplished tranche of the change’s plan to transform its Safe Asset Fund for Customers from stablecoins into Bitcoin over a 30-day interval.
Binance later confirmed the transaction, stating that $100 million in stablecoins had been transformed and that additional BTC acquisitions would observe till the total $1 billion goal is reached.
Whereas Binance didn’t explicitly describe the transfer as a market intervention, the timing is certainly consequential. It comes as Bitcoin value stays in murky waters, buying and selling under the psychological $80,000 threshold.
“I am always surprised that those who have the most to lose by a falling bitcoin ($80,000 line in the sand) don’t defend it over the weekend,” remarked Jim Cramer, host of CNBC’s Mad Cash.
Certainly, Bitcoin suffered a brutal weekend, revealing a deep market divide between alternative and structural vulnerability.
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In opposition to this backdrop, some analysts liken the SAFU conversion to central bank-style interventions in TradFi. Because it occurs in conventional finance, establishments deploy reserves to stabilize confidence during times of stress.
Key previous examples embrace:
The construction has fueled hypothesis that Binance is successfully committing to sustained dip-buying.
“Binance’s latest announcement confirms they have already purchased $100 million worth of Bitcoin from the market, with $900 million still to go,” analyst AB Kuai Dong famous.
He added that the fund’s rebalancing rule may amplify the affect. If Bitcoin costs fall far sufficient to push SAFU’s worth under its flooring, Binance can be required to buy further BTC to revive the fund’s worth.
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A Smooth Bitcoin Backstop Emerges as Binance, Saylor, and Whales Accumulate
Below the SAFU framework, the fund is monitored repeatedly. If Bitcoin value declines erode its worth past predefined ranges, Binance should replenish it. That dynamic may act as a smooth backstop during times of heightened volatility.
On-chain indicators counsel Binance could also be getting ready for additional accumulation. Earlier within the day, the SAFU handle initiated authorization transactions so as to add new recipient addresses to its whitelist.
On-chain knowledge exhibits that at 07:13 (UTC) at the moment, the Binance SAFU Fund handle initiated an authorization transaction so as to add two new addresses to its “approved recipient whitelist,” presumably in preparation for growing its Bitcoin holdings. Beforehand, Binance transformed $1…
— Wu Blockchain (@WuBlockchain) February 2, 2026
This transfer is commonly related to operational preparation for added asset transfers.
The acquisition additionally comes amid renewed indicators of confidence from different giant Bitcoin holders. Simply someday earlier, Technique government chair Michael Saylor posted a cryptic “More Orange” message on X (Twitter), extensively interpreted as a touch that one other Bitcoin acquisition could also be imminent.
The publish arrived regardless of MicroStrategy shares falling sharply in latest classes and Bitcoin briefly dipping close to the corporate’s common price foundation.
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Taken collectively, these strikes strengthen the narrative that deep-pocketed gamers try to stabilize the market organically relatively than via coordinated motion.
Past particular person bulletins, broader on-chain tendencies point out that enormous holders could already be stepping in. Information from CryptoQuant exhibits that whales have continued to build up in the course of the latest drawdown.
Will this rising assist translate right into a sturdy value flooring close to the $75,000?
Nonetheless, with $900 million in SAFU conversions but to be executed, Binance has positioned itself as one of the vital vital near-term sources of structural Bitcoin demand.
