币安将 SAFU 基金与比特币重新结合：保护用户和长期价值的大胆举措

币安正在将其 10 亿美元的 SAFU 基金从稳定币转换为比特币，这表明币安对 BTC 的长期潜力和加强用户保护的坚定信念。

Binance Bets Big on Bitcoin with SAFU Fund Conversion

币安通过 SAFU 基金转换押注比特币

In a significant strategic shift, cryptocurrency exchange Binance announced it will convert its entire $1 billion Secure Asset Fund for Users (SAFU) reserves from stablecoins into Bitcoin (BTC) over the next 30 days. This move underscores Binance's growing conviction in Bitcoin as a core, long-term asset and a primary store of value within the crypto ecosystem.

作为一项重大战略转变，加密货币交易所币安宣布将在未来 30 天内将其全部 10 亿美元的用户安全资产基金 (SAFU) 储备从稳定币转换为比特币 (BTC)。此举凸显了币安对比特币作为加密生态系统中的核心长期资产和主要价值储存手段的日益坚定的信念。

SAFU: A Pillar of User Protection

SAFU：用户保护的支柱

Launched in 2018, SAFU serves as an emergency reserve, funded by a portion of Binance's trading fees. Its purpose is to reimburse users in "extreme" scenarios, such as platform hacks or critical failures. Notably, SAFU was instrumental in covering the approximately 7,000 BTC stolen in a 2019 hack, ensuring affected users were made whole without any reduction in their balances. Previously, the fund's stablecoin component shifted from BUSD to USDC in 2024, a precursor to this latest, more profound re-denomination into Bitcoin.

SAFU 于 2018 年推出，充当紧急储备金，由币安交易费用的一部分提供资金。其目的是在“极端”情况下补偿用户，例如平台被黑客攻击或严重故障。值得注意的是，SAFU 在弥补 2019 年黑客攻击中被盗的约 7,000 BTC 方面发挥了重要作用，确保受影响的用户在不减少余额的情况下得到恢复。此前，该基金的稳定币成分在 2024 年从 BUSD 转向 USDC，这是最新、更深刻的比特币重新计价的前兆。

Strategic Rationale and Market Implications

战略原理和市场影响

Binance's decision to hold SAFU reserves in Bitcoin reflects a broader industry trend of increasing Bitcoin treasury adoption, even amidst market volatility. While this makes the SAFU fund more exposed to Bitcoin's price swings, Binance has pledged to maintain its value. The exchange stated it will rebalance the fund back up to $1 billion if market movements push its value below $800 million, utilizing its treasury reserves to top up the difference. This commitment aims to ensure robust user protection regardless of market cycles.

币安决定以比特币持有 SAFU 储备，反映了即使在市场波动的情况下，比特币金库采用率不断提高的更广泛行业趋势。虽然这使得 SAFU 基金更容易受到比特币价格波动的影响，但币安已承诺维持其价值。该交易所表示，如果市场走势使该基金的价值低于 8 亿美元，它将利用其国库储备来弥补差额，从而将该基金重新平衡至 10 亿美元。这一承诺旨在确保无论市场周期如何，都能提供强有力的用户保护。

Binance's Growing Bitcoin Footprint

币安不断增长的比特币足迹

This conversion will add over 12,000 BTC to Binance's existing holdings, which already exceed 648,000 BTC. The exchange, a major player in the Bitcoin market, will custody these SAFU Bitcoin reserves within its licensed clearing house regulated by the Abu Dhabi Global Market. For transparency, Binance has also published the on-chain address for the SAFU wallet, allowing users to verify the fund's holdings.

此次转换将使币安现有持有量增加超过 12,000 BTC，目前已超过 648,000 BTC。该交易所是比特币市场的主要参与者，将在其受阿布扎比全球市场监管的许可清算所内保管这些 SAFU 比特币储备。为了透明起见，币安还公布了 SAFU 钱包的链上地址，允许用户验证该基金的持有情况。

A Wink and a Nod to the Future

对未来眨眼并点头

So, what does this all mean? Essentially, Binance is putting its money where its mouth is, doubling down on Bitcoin's future. It’s a bold statement that feels like a high-five to the entire crypto community, especially Bitcoin enthusiasts. While the market always has its ups and downs, it looks like Binance is ready to ride those waves with Bitcoin at the helm of its user protection fund. Here's to a secure and, hopefully, ever-growing SAFU!

那么，这一切意味着什么呢？从本质上讲，币安正在言出必行，加倍押注于比特币的未来。这是一个大胆的声明，对于整个加密社区，尤其是比特币爱好者来说，感觉就像是击掌致意。虽然市场总是有起有落，但币安似乎已准备好以比特币作为用户保护基金的掌舵者，驾驭这些浪潮。为安全且不断发展的 SAFU 干杯！