Binance to Buy $1B Worth of Bitcoin in 30 Days

Binance announced plans to convert roughly $1 billion in stablecoins into bitcoin (BTC) over the next 30 days. The exchange said the move aims to strengthen long-term asset security and reduce exposure to stablecoin risks.

The update was shared through Binance’s Chinese-language account on X. The platform said the conversion process will begin immediately and finish within one month.

SAFU Fund Moves to Bitcoin

The Secure Asset Fund for Users, or SAFU, was created in 2018 to protect users from unexpected events like hacks or operational failures. Binance said holding BTC rather than stablecoins helps hedge against potential de-pegging risks while aligning the fund with bitcoin’s long-term outlook.

In line with this, Binance confirmed the fund’s target value will remain $1 billion. The exchange added that if BTC volatility causes the fund to drop below $800 million, it will add more bitcoin to restore the balance.

The announcement follows criticism after the January 11, 2026, “1011 incident.” During the event, sharp price swings triggered widespread liquidations, affecting many users on the platform.

Meanwhile, some users blamed software issues and requested compensation, while Binance maintained that external market forces caused the liquidations. The company emphasized that SAFU remains part of its broader commitment to user protection.

In addition, Binance highlighted its past efforts to combat fraud, noting that it has intercepted more than $6.69 billion linked to scams. The exchange added that it holds over $160 billion in reserves that users can verify on-chain, underscoring its focus on transparency and security.

Executives Address Market and User Concerns

Community reactions to the SAFU change remain mixed. Some see it as a bullish signal for BTC, while others question whether the decision distracts from unresolved complaints about the 1011 incident.

Separately, Binance co-founder He Yi and former CEO Changpeng Zhao shared thoughts on market narratives. Zhao said fear-driven stories harm the broader market and emphasized that Binance does not sell assets in meaningful amounts.

FUD doesn’t hurt the target. My followers increased.

FUD hurts the market (ie everyone).

I/Binance do not sell in any meaningful amounts.

My selling = I swipe my card and $5 worth of BNB gets converted/sent to the coffee shop.

I don’t run Binance anymore, but based on what I…

— CZ 🔶 BNB (@cz_binance) January 30, 2026

Zhao added that the company operates under global regulatory oversight, which allows for a full review of platform activity. He encouraged users to rely on verified data and engage constructively rather than speculate.

Binance has not announced any compensation plan for users affected by the January 11 event. The company advised users to review proof of reserves and monitor updates for further clarity.