$233 million: Binance bets big on Bitcoin despite the drop
On February 6, 2026, Binance surprised the market by buying 3,600 BTC for 233 million dollars, despite a sharp drop in the bitcoin price below $68,000. While some believe that the disappearance of BTC would make the world better, investors wonder: is this the time to buy or to flee?
In brief
- Binance strengthens its reserves by buying 3,600 BTC for $233 million, despite a drop in bitcoin price.
- Illicit Bitcoin transactions represent less than 1% of total volume, but debates on its utility and legitimacy persist.
- Investors must adopt a balanced approach, diversifying their portfolio between BTC and stable assets.
Bitcoin: Binance buys 3,600 BTC amid turbulence
Binance has increased its bitcoin reserves by 3,600 additional BTC through its SAFU fund, bringing its holdings to 6,230 BTC, or $434.5 million. This decision comes after a 9.3% drop in the BTC price in 24 hours, a strong signal sent to the markets. The objective? To reassure users after technical incidents in 2025 and anticipate a long-term recovery.
Binance’s accumulation of bitcoin fits into a broader trend. Indeed, institutional players, such as Strategy, continue to bet on BTC despite volatility. According to analysts, this strategy aims to secure value reserves in anticipation of increased adoption. This choice is justified by unwavering confidence in bitcoin’s potential, despite an uncertain economic context.
Would the disappearance of BTC be good news for society?
While Binance buys 3,600 BTC during a crisis period, voices like Brad Loncar, a biotechnology entrepreneur, claim that its disappearance would make the world better. According to him, BTC is mainly used for illegal activities, an idea echoed by thousands on social networks. However, Chainalysis data shows that less than 1% of Bitcoin transactions are related to criminal activities.
This controversy is not new. Since its beginnings, BTC has been associated with cases like Silk Road, fueling prejudices. Yet, countries like El Salvador have adopted it as legal tender, and Asian companies (Rakuten, Line) integrate it as a payment method. The debate remains intense: is Bitcoin a tool for financial freedom or a danger to society?
Faced with these two extreme views, investors must adopt a balanced approach. For bitcoin supporters, a dollar-cost averaging (DCA) strategy would help smooth out risks linked to volatility. Skeptics might turn to traditional assets: bonds, ETFs, or companies with stable dividends.
The debate between accumulation and rejection of bitcoin reflects a deep division about its future. For investors, the key therefore lies in a measured approach to avoid all the pitfalls of the crypto market. However, BTC remains a bet, but one that could pay off – or collapse. And you, do you really think that bitcoin is a safe investment?
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The world is evolving and adaptation is the best weapon to survive in this undulating universe. Originally a crypto community manager, I am interested in anything that is directly or indirectly related to blockchain and its derivatives. To share my experience and promote a field that I am passionate about, nothing is better than writing informative and relaxed articles.
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.