Bipartite graphs offer a powerful framework for modeling complex relationshipsbetween two distinct types of vertices, incorporating probabilistic, temporal, andrating-based information. While the research community has extensively exploredvarious types of bipartite relationships, there has been a notable gap in studyingSigned Bipartite Graphs, which capture liking/ disliking interactions in real-worldnetworks such as customer-rating-product and senator-vote-bill. Balance but-terflies, representing 2 × 2 bicliques, provide crucial insights into antagonisticgroups, balance theory, and fraud detection by leveraging the signed information.However, such applications require counting balance butterflies which remainsunexplored. In this paper, we propose a new problem: counting balance butterfliesin a signed bipartite graph. To address this problem, we adapt state-of-the-artalgorithms for butterfly counting, establishing a smart baseline that reduces thetime complexity for solving our specific problem. We further introduce a novelbucket approach specifically designed to count balanced butterflies efficiently. Wepropose a parallelized version of the bucketing approach to enhance performance.Extensive experimental studies on nine real-world datasets demonstrate that ourproposed bucket-based algorithm is up to 120x faster over the baseline, and theparallel implementation of the bucket-based algorithm is up to 45x faster over thesingle core execution. Moreover, a real-world case study showcases the practicalapplication and relevance of counting balanced butterflies.