Binance’s SAFU fund holds $1.27B in Bitcoin, sits on about $270M profit

Binance’s emergency insurance fund for users now holds over $1.27 billion worth of Bitcoin. That includes about $270 million in unrealized profit. From stablecoins to 15,000 BTC The fund is called SAFU, short for Secure Asset Fund for Users. Binance created it to cover customers if something goes badly wrong, such as a hack. In mid-February 2026, Binance changed course. The exchange converted roughly $1 billion in stablecoins into 15,000 BTC. The conversion wrapped up on February 12 with one final large purchase of 4,545 BTC. Bitcoin was trading at approximately $67,000 at the time. At that price, the whole stash was worth approximately $1.005 billion. The trade so far By early May 2026, Bitcoin was trading above $81,000, and the fund’s value had climbed past $1.2 billion. At that point, unrealized gains stood at approximately $217 million. The fund’s holdings were later reported at over $1.27 billion. Paper profit has reached about $270 million. Binance has also made the fund’s wallet public. The address is 1BAuq7Vho2CEkVkUxbfU26LhwQjbCmWQkD, and anyone can check its balance on-chain. Built-in guardrails Binance said it would run regular audits of the fund. It also committed to a ...