Using conductive binders, instead of the traditional binders and conductive additives, is an effective way to increase the specific capacity and long cycle life of the silicon (Si) anode. However, the rigid conductive binders of Si anodes tend to form cracks during the repetitive huge volume changes of Si. Here, a novel n-type conductive binder, multi-block polymer of poly(1-pyrenemethyl methacrylate) and polybutadiene (PPy-b-PB) was designed. The polybutadiene (PB) rubber was incorporated into the conductive binder by combining condensation and reversible addition-fragmentation chain transfer polymerization. With high initial coulombic efficiency of 77.9%, the PPy-b-PB/Si anode possesses high reversible capacity (2274 mAh g−1) and capacity retention (87.1%) at the rate of 0.2 C (0.84 A g−1) after 200 cycles. The superior cyclic performance of the PPy-b-PB can be ascribed to the PB rubber, which enhanced the reversible deformation ability, flexibility, and adhesion length scale of the binder, without with a negligible change of the charge-transfer resistance for the anode. The original structure and the preparation method of the multi-block conductive binder provide a new way to manufacture multifunctional binders.