Binance's SAFU fund holds $1.27B in Bitcoin with about $270M in unrealized profit
- —Binance swapped about $1 billion in stablecoins for 15,000 BTC in February 2026
- —Entry price was near $67,000; the fund is now valued above $1.27 billion
- —Unrealized profit on the position has reached roughly $270 million
- —Binance pledged to top the fund back to $1 billion if it falls below $800 million
Why it matters: The largest exchange holding its user safety reserve in Bitcoin reinforces the narrative of BTC as a corporate reserve asset.
Source: Crypto Briefing