Changpeng “CZ” Zhao, the founder and former CEO of Binance, disclosed his cryptocurrency holdings on Monday, indicating that a staggering 98.6% of his portfolio consists of BNB, the native token of the exchange, while around 1.3% is allocated to Bitcoin.
The remaining portions of his portfolio include EURI and USDT, accounting for 0.17% and 0.03%, respectively. This information was shared through a pie chart posted by Zhao on Binance Square, following a challenge from a user on X to reveal his digital asset holdings. The founder did not disclose the fiat value of these assets.
Additionally, Zhao holds minor amounts of several other tokens, which make up less than 0.01% of his portfolio, including sBTC, a cryptocurrency that functions as a substitute for Bitcoin on the Stacks layer-2 network.
It is important to note that this portfolio breakdown has not been independently verified by a third party. Furthermore, digital assets held on centralized exchanges like Binance are not publicly discernible.
CZ has not yet responded to Decrypt’s request for comments regarding his asset portfolio. As of this writing, BNB, the fifth-largest cryptocurrency by market capitalization, was trading at $630, having decreased nearly 4% in the past 24 hours, according to data from CoinGecko. Bitcoin, the most valuable digital asset, was trading just below $94,000.
Zhao’s decision to disclose his cryptocurrency portfolio is unusual for a prominent figure in an industry that typically values privacy. Wealthy cryptocurrency investors often refrain from revealing their holdings due to potential criticism regarding their affiliations with particular projects or the risk of attracting criminals who have increasingly targeted professionals in the crypto sector.
Crypto Twitter chimes in
Following the disclosure of his portfolio, Zhao encountered numerous questions from users on Crypto Twitter (formerly known as X).
When questioned about his relatively small Bitcoin holdings, CZ humorously remarked in a post on X, “I’m a boring guy.”
In response to inquiries about his possession of Eurite, a Euro-pegged stablecoin, the crypto entrepreneur posed his own question.
“I assume [the EURI] is linked to the Binance Card,” Zhao suggested in an X post. “Perhaps in the early stages of Binance Card, that was the currency used for transactions? I’m not certain.”
Recently, Zhao’s postings on X have significantly influenced market movements and motivated the launch of new tokens.
Zhao, who was recently included in Forbes‘ latest billionaire list, ignited a meme coin trading craze in early February with a post on X about his dog named Broccoli. This led developers to create meme coins associated with the dog, with one token reaching over $80 million in daily trading volume at its peak, as reported by CoinGecko.
Earlier, Zhao also tweeted about BNB Chain launching a test token called TST, which resulted in a 100x increase in its value.
Edited by James Rubin
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