CZ unveils crypto investment portfolio with a 98.5% allocation to BNB, 1.3% to BTC

Changpeng "CZ" Zhao, co-founder and former CEO of Binance, has unveiled his crypto portfolio on the crypto exchange giant's social platform.

BNB Chain's native token has the most substantial weighting in Zhao's portfolio by a huge margin at 98.48%, according to his Binance Square post on Monday. BNB Chain was initially established by the crypto exchange and remains closely tied to the Binance ecosystem.

The world's foremost cryptocurrency, bitcoin, makes up the second-largest allocation in Zhao's portfolio at 1.32%, followed by the stablecoins EURI and USDT at 0.17% and 0.03%, respectively.

Zhao previously said he had been a BNB and BTC holder for many years, though his specific allocations are unknown. His Binance Square post was prompted by an X user earlier on Monday, requesting him to add his trader profile to show the community what he was holding.

Zhao initially joked , "Where's the button?" — perhaps in reference to his acknowledgment , last week saying DEXs were too complicated and he had only ever used a CEX. However, he then posted the data within minutes.

Some users expressed surprise over how small his bitcoin allocation was, while others questioned what the EURI stablecoin was for.

"I actually can't remember where that came from," Zhao responded, regarding the EURI query. "I assume it is associated with Binance Card. Maybe in the early days of Binance Card, that was the currency to spend? Not sure."

Zhao also has a tiny allocation of sBTC, a programmable asset designed to represent bitcoin on the Stacks network, among a basket of other cryptocurrencies that make up less than 0.01% of his portfolio.

"I also don't know what the heck is SBTC," Zhao said . "Maybe it was a fork or airdrop coin, but it seems to have been delisted long ago. I can't even get rid of it."

A $47.8 billion net worth?

The news follows Zhao setting off a new memecoin frenzy earlier this month after revealing that his dog's name is Broccoli and sharing a photo of his pet. A flood of newly minted memecoins bearing the ticker "BROCCOLI" emerged, fueling speculation across the crypto community.

That came after the BNB Chain team’s creation of the test memecoin TST — a BEP-20 token originally developed as part of a tutorial on the Four.meme platform. Although TST was never initially intended for public trading, Zhao’s mention of the token on X propelled it into the spotlight, with its price briefly surging over 2,000% ahead of its Binance listing. Zhao holds neither of the tokens.

Last November, Zhao told Bloomberg that he received offers for his controlling stake in Binance, with the equity comprising a large portion of his $47.8 billion net worth, according to the Bloomberg Billionaire Index — placing him as the 31st richest person in the world. However, Zhao has previously denied estimated figures, saying, "I don't have anywhere near as much."

In November 2023, CZ pled guilty to violating the Bank Secrecy Act. As part of a deal with the United States Department of Justice, he agreed to pay a $50 million fine and step down as Binance CEO. He was sentenced to four months in prison and released last September, The Block previously reported.