On January 30th, Justin Sun – the founder of the TRON ecosystem – posted a message on the X platform stating that TRON would increase its Bitcoin purchases in the near future, as a response to Binance's new strategic direction. This statement quickly attracted attention from the cryptocurrency community, as it showed that Bitcoin continues to solidify Vai as a strategic reserve asset, not only for major exchanges but also for leading blockchains.
Also on January 30th, Binance officially announced plans to convert $1 billion from its SAFU (Secure Asset Fund for Users) to Bitcoin reserves. According to the announcement, this conversion process is expected to be completed within 30 days of the announcement, marking a significant step in the risk management and user protection strategy of the world's largest exchange. Capital established SAFU as an insurance fund to ensure the safety of users' assets in emergency situations or unforeseen events.
Notably, Binance stated that it will periodically rebalance the SAFU fund, closely monitoring its market value. If significant Bitcoin price fluctuations cause the total value of the SAFU fund to fall below $800 million, Binance will readjust the portfolio to bring the fund's value back to $1 billion. This mechanism aims to ensure SAFU always maintains a sufficiently large size to protect user interests, regardless of the unpredictable volatility of the cryptocurrency market.
