On Feb. 2, 2026, on-chain data shows a single direct transfer of ~1,315 BTC (~$100M) from a Binance-labeled hot wallet to a known SAFU address. The activity appears to be an internal treasury reclassification rather than a market purchase or stablecoin conversion. The move follows Binance’s Jan. 30 announcement to convert $1 billion of dollar-pegged tokens into bitcoin over 30 days and to top up the SAFU fund if its value drops below $800 million; Binance had not commented by European morning.

The transfer was an on-chain movement from a Binance hot wallet to a SAFU address and is reported as an internal treasury reclassification (not a market purchase). It follows Binance’s public plan to convert $1B of dollar-pegged tokens into BTC over 30 days and its pledge to top up the SAFU if under $800M, which links the fund to BTC price volatility.