You Won’t Believe What Binance Just Did with $1 Billion!

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In what can only be described as a high-stakes game of financial musical chairs, Binance has announced the completion of its SAFU Fund Asset Conversion. Yes, folks, they’ve managed to wrangle 4,545 BTC into their coffers, wrapping up a tidy $1 billion transformation of SAFU stablecoin reserves into Bitcoin. I can almost hear the trumpets playing!

Now, just to keep the excitement brewing, Binance proudly reported that this dramatic transition was wrapped up in a mere 30 days. That’s faster than my last attempt at assembling IKEA furniture, and far less traumatic! The SAFU fund now boasts a whopping 15,000 BTC, valued at an eye-watering $1,005,000,000 at the time of writing (I mean, who doesn’t love a good round number, especially when it’s calculated at a BTC price of $67,000?).

But wait, there’s more! Binance insists that with the SAFU Fund now fully converted to Bitcoin, they’re doubling down on their belief that BTC is the crème de la crème of long-term reserve assets. I suppose we’ll just have to see how that plays out, won’t we?

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The crypto community on X couldn’t help but weigh in on Binance’s big move. One user hailed this transition while simultaneously pointing out a recent wave of FUD (fear, uncertainty, doubt) directed at Binance. In a delightful twist, Binance cofounder Changpeng “CZ” Zhao decided to join the conversation. He expressed his optimism about the SAFU Fund, suggesting it might actually work out well over time. How reassuring!

“Could be wrong, but I have a feeling it might work out pretty well for the SAFU fund in the end. Save the tweet. Can revisit later,” CZ quipped. Now there’s a man confident enough to put his foot in his mouth later if need be!

Could be wrong, but I have a feeling it might work out pretty well for the SAFU fund in the end. 😆

Save the tweet. Can revisit later.

– CZ 🔶 BNB (@cz_binance) February 12, 2026

For those unacquainted with the jargon, SAFU stands for a security fund that Binance launched to cushion users from losses caused by unforeseen calamities like hacks. At the close of January, Binance divulged a plan to convert $1 billion worth of dollar-pegged tokens into Bitcoin for the fund over the next month, pledging to refill the amount if the value dipped below $800 million due to market shenanigans. Talk about a rollercoaster ride!

Of course, this lofty approach comes with its own risks. A Bitcoin-backed SAFU fund may sway with the market’s mood swings, emphasizing the significance of Binance’s commitment to replenish funds during tumultuous times. Because nothing says “we’ve got your back” quite like a promise, right?

Binance news

In other news, Binance has teamed up with Franklin Templeton to launch an institutional collateral program-yes, you heard that correctly! This initiative will allow tokenized money market fund (MMF) shares issued via Franklin Templeton’s Benji Technology Platform to be used as collateral on Binance. This is the first initiative under the partnership announced last year, proving once again that crypto is the wild west of finance.

On the horizon, Binance will be listing Espresso (ESP) and opening trading for Spot Trading Pairs ESP/USDT, ESP/USDC, and ESP/TRY starting Feb. 12. Withdrawals will commence the following day at 1:00 p.m. (UTC). Coffee lovers rejoice!

However, not all news is rosy, as Binance will be delisting a slew of trading pairs on Feb. 13 at 8:00 a.m. (UTC). So, if you have AT/BNB, AVAX/BNB, and more on your watchlist, it might be time to say goodbye and cry into your morning coffee.

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2026-02-12 18:45