CZ Dismisses FUD as Binance Completes $1B SAFU Conversion to Bitcoin

Published at 2026-02-12 15:00:24

Binance said in its final update that it has bought the last tranche of 4,545 BTC, completing a $1 billion shift of SAFU stablecoin reserves into Bitcoin. The exchange framed the operation as a planned asset conversion of its Secure Asset Fund for Users, and provided transaction details to close out the program on Feb. 12, 2026.

CEO Changpeng Zhao pushed back on negative commentary, calling much of the skepticism "FUD" and emphasizing that the reallocation reflects a strategic diversification of assets rather than distress. For the market, the move removes a large stablecoin reserve from circulation and signals Binance's confidence in BTC as a reserve asset, while also inviting renewed scrutiny from regulators and market watchers about centralized reserve strategies.

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