Binance Plans Massive Bitcoin Buy as Apology for October Liquidation Crash
On Feb. 2, 2026, Binance announced it has converted its emergency insurance fund into a public, auditable commitment and intends to deploy a portion of that reserve into a significant Bitcoin (BTC) purchase framed internally as a "balance-sheet apology" for the liquidation-driven crash last October. The exchange says making the fund auditable is meant to increase transparency and directly address losses and volatility tied to that episode.
If carried out, the purchase could provide near-term buying pressure for BTC and serve as a signal that exchanges may take more visible steps to repair market damage. At the same time, the move blurs lines between risk management and market intervention, likely drawing attention from traders and regulators; market participants will watch on-chain flows and audit disclosures to assess whether this restores confidence or simply reshuffles exchange liabilities.