Binance founder and former CEO Changpeng “CZ” Zhao made public his crypto holdings on Monday, revealing that 98.6% of his portfolio is composed of BNB, the exchange’s native token, while about 1.3% is made up of Bitcoin.
EURI and USDT represent another 0.17% and 0.03% of the portfolio, respectively, according to a pie chart Zhao posted to Binance Square, a crypto-native social platform, shortly after an X user challenged him to disclose his digital asset bag. The founder did not specify the fiat value of his holdings.
Zhao also holds small amounts of a few other tokens, comprising less than 0.01% of his portfolio, including sBTC, a cryptocurrency that serves as a stand-in for Bitcoin on the layer-2 Stacks network.
A third party has not independently verified the portfolio breakdown that Zhao shared. Digital assets stored on centralized exchanges such as Binance are not publicly viewable.
CZ did not immediately return Decrypt’s request for comment on his holdings. BNB, the fifth-largest crypto asset by market capitalization, was trading at $630 as of the time of writing, down nearly 4% over the past 24 hours, according to markets data provider CoinGecko. Bitcoin, the largest digital asset by value, was changing hands just below $94,000.
Zhao’s unveiling of his crypto portfolio is an unorthodox move for a leading figure in an industry that champions privacy. Affluent crypto holders are usually reluctant to reveal their holdings, lest they face criticism over their relationships with projects or make themselves vulnerable to criminals who have increasingly targeted crypto industry professionals.
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ToggleCrypto Twitter chimes in
Zhao fielded several inquiries from Crypto Twitter (aka X) users after sharing his portfolio allocations.
Asked about his comparatively small Bitcoin bag, CZ joked in a post on X, “I’m a boring guy.”
Meanwhile, the crypto entrepreneur posed a question of his own when asked about why he holds Eurite, a Euro-pegged stablecoin.
“I assume [the EURI] is associated with Binance Card,” Zhao said in an X post. “Maybe in the early days of Binance Card, that was the currency to spend? Not sure.”
In recent weeks, Zhao has moved markets and inspired token launches with his X posts.
Zhao, who was named to Forbes‘ most recent list of billionaires, sparked a meme coin trading frenzy in early February, when he published a post on X about his dog named Broccoli. Developers rushed to introduce meme coins bearing the canine’s name, with one such token attracting more than $80 million in daily trading volume at its peak, CoinGecko data shows.
Earlier, Zhao tweeted about BNB Chain’s start of a test token called TST that preceded a 100x surge in the token’s value.
Edited by James Rubin
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