Binance co-founder and former CEO Changpeng 'CZ' Zhao disclosed his crypto holdings, revealing that they are largely comprised of Binance Coin (BNB), with minimal allocations in BTC and stablecoins.
Zhao’s Portfolio: BNB Dominance
Zhao's holdings indicate a strong reliance on Binance Coin (BNB), the native asset of the exchange he co-founded. His Bitcoin allocation is a mere 1.32%, while stablecoins EURI and USDT account for 0.17% and 0.03%, respectively. These allocations prompted user inquiries, but Zhao humorously described his lifestyle as quite 'boring'.
Mystery of sBTC in Zhao’s Holdings
Among Zhao's holdings is a small allocation of sBTC, a wrapped version of Bitcoin on the Stacks network. He admitted to not knowing its origin, speculating it might be the result of an old fork or an airdrop. The presence of sBTC in his portfolio has sparked further discussions about lesser-known assets.
Zhao’s Influence, Net Worth, and Binance Sale Rumors
Speculations about Binance's future resurfaced following rumors of its sale, which Zhao quickly dismissed as competitor-driven misinformation. Co-founder Yi He supported his statements, affirming that the exchange is not for sale. Despite stepping down as CEO in 2023, Zhao remains a significant figure in the crypto sector. His financial influence continues to impact market trends and attracts attention to his holdings and comments.
Changpeng Zhao's transparency regarding his crypto holdings has intrigued the public and sparked discussions. His statements and actions continue to influence the crypto market, even as Binance's leadership evolves.
