Justin Sun, founder of the Tron blockchain, said his platform will increase its Bitcoin holdings after Binance announced plans to convert $1 billion of its SAFU reserve into BTC, reinforcing Bitcoin’s role as crypto’s core reserve asset.
Sun confirmed the move in a post on X, stating that Tron would follow Binance’s lead as institutions and corporates deepen their exposure to Bitcoin as a long-term store of value.
Binance revealed it will convert its Secure Asset Fund for Users (SAFU) reserves into Bitcoin over the next 30 days, describing BTC as the backbone of the crypto ecosystem. The exchange said it will rebalance the fund if its value drops below $800 million due to price volatility.
The SAFU fund, created in 2018 to protect users from hacks and security incidents, currently targets a $1 billion valuation. Binance said it has helped users recover more than $1.09 billion overall, including $48 million from incorrect deposits.
Sun’s pledge comes amid a broader surge in corporate Bitcoin accumulation. Public companies now collectively hold more than 1.1 million BTC, representing over 5% of Bitcoin’s total supply.
Major corporate holders include Strategy, MARA Holdings, Twenty One Capital, and Metaplanet, with Bitcoin increasingly used as a hedge against currency debasement and a treasury diversification tool.
Governments have also entered the space. The United States has established a strategic Bitcoin reserve under President Donald Trump, while states such as Texas have begun building their own holdings.
Although Bitcoin has pulled back from its 2025 peak above $126,000, institutional participation continues to grow, signaling confidence in Bitcoin’s long-term role despite ongoing market volatility.
