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Binance has moved another large amount of Bitcoin into its SAFU reserve fund. On-chain data shows the fund received 4,225 $BTC. It is worth around $299.6 million. This transfer pushed the total SAFU holdings to around 10,455 $BTC. Which is valued near $734 million at recent prices.
The move follows Binance’s earlier plan to shift part of its reserves into Bitcoin. The exchange had announced in late January that it would convert about $1 billion from stablecoins into $BTC over 30 days. The goal was to increase transparency and strengthen its protection fund.
Another Major Transfer Into the SAFU Wallet
Blockchain tracker Lookonchain first spotted the latest transfer. The funds moved from a Binance hot wallet into the official Binance SAFU address. This shows the transfer was internal. It is not a direct purchase from an exchange order book. Earlier inflows over the past week already added thousands of $BTC to the fund.
Binance SAFU Fund just bought another 4,225 $BTC($299.6M), bringing its total purchase to 10,455 $BTC($734M).https://t.co/WwuOOWlMjj pic.twitter.com/CMw48KFJYS
— Lookonchain (@lookonchain) February 9, 2026
With this latest transfer, the SAFU reserve crossed the 10,000 $BTC mark. That milestone gives the fund a much larger Bitcoin base than before. The Binance SAFU fund was created after Binance’s 2019 hack. It works as an insurance reserve to protect users in case of major security issues. Since then, the exchange has kept a portion of its revenue and assets inside this wallet.
Internal Transfers, Not Open Market Buys
On-chain data suggests Binance didn’t buy these coins directly on the market. Instead, the $BTC came from its own hot wallets. This likely means the exchange first acquired the coins off-chain. Then moved them into the Binance SAFU address.
This method avoids large, visible buy orders that could move the market. It also allows Binance to control how and when it allocates funds into the reserve. Bitcoin has traded around the $70,000 level during these transfers. The total accumulation over the past week alone crossed hundreds of millions of dollars in $BTC.
A Signal of Long Term Confidence
Some analysts see this move as a sign of growing institutional confidence in Bitcoin. By holding a large part of its safety fund in $BTC, Binance shows trust in the asset’s long term value. The Binance SAFU fund’s role is simple. It acts as a financial cushion during extreme events. A larger Bitcoin reserve could make that cushion stronger over time.
Still, the transfers don’t directly affect the open market. The coins mostly move between Binance controlled wallets. So, the impact on price remains limited for now. Even so, the scale of the accumulation stands out. With more than 10,000 $BTC now in the Binance SAFU wallet, it is quietly building one of the larger exchange held Bitcoin reserves.