Binance is drawing fresh attention after online claims suggested the exchange added another $235 million worth of Bitcoin to its Secure Asset Fund for Users, also known as SAFU. While the figure spread quickly across social media, on-chain data has only confirmed a smaller, verified transaction so far.
As of Feb. 6, 2026, blockchain trackers and major crypto outlets have verified a Bitcoin transfer worth about $100.7 million into a wallet associated with Binance’s SAFU restructuring. However, no public data has confirmed a separate $235 million purchase tied directly to the fund.
Confirmed SAFU Bitcoin Transfer
The verified transaction involved 1,315 BTC moving into a wallet linked to Binance’s SAFU reserves. At the time of the transfer, the Bitcoin was valued at roughly $100.7 million. This move aligns with Binance’s previously announced plan to convert around $1 billion of SAFU assets from stablecoins into Bitcoin over a 30-day period.
According to Binance, the shift reflects a longer-term reserve strategy rather than a short-term market bet. The exchange cited ongoing volatility as a reason to diversify the fund while keeping it liquid and transparent.
Market Reaction and User Protection Concerns
The SAFU fund has long served as a confidence signal for Binance users. Therefore, the decision to increase Bitcoin exposure has sparked debate across the crypto community.
Some traders see the move as a strong vote of confidence in Bitcoin’s resilience. Others worry that tying an emergency fund to a volatile asset could introduce new risks during sharp market swings.
Binance has attempted to address those concerns by stating it will monitor SAFU’s value closely and replenish the fund if it drops below a defined threshold.
Key points market watchers are tracking include:
- The pace of future Bitcoin conversions into SAFU
- Transparency around wallet movements and balances
- How Bitcoin volatility impacts emergency coverage levels
$235 Million Claim Remains Unverified
The circulating $235 million figure appears to stem from speculation rather than confirmed blockchain activity. So far, no independently verified transaction of that size has been publicly tied to SAFU.
If Binance executes additional large Bitcoin purchases, analysts believe the broader discussion will focus on how major exchanges design and manage user protection reserves under increasing regulatory and institutional scrutiny.
