Changpeng Zhao’s Cryptocurrency Portfolio: 98% Dominated by Binance’s BNB Token

Changpeng “CZ” Zhao, co-founder and former CEO of Binance, disclosed his cryptocurrency portfolio on Binance Square. His holdings show an overwhelming dominance of Binance’s native token, BNB

Binance co-founder and former CEO Changpeng "CZ" Zhao disclosed his cryptocurrency portfolio on Binance Square, revealing an overwhelming dominance of BNB and a minor allocation to Bitcoin.

Zhao's portfolio is heavily concentrated in BNB, which accounts for 98.48% of his disclosed holdings. Being a native token of BNB Chain, which was initially established by Binance and remains closely integrated with the exchange's ecosystem, BNB plays a crucial role in transaction fees and decentralized finance projects.

The disclosure of his portfolio sparked discussions among the crypto community, particularly regarding his asset distribution and the presence of unfamiliar tokens in his portfolio.

While a section of fans commended Zhao for his loyalty to BNB, divergent opinions arose due to his limited investments in other substantial cryptocurrencies.

However, it's worth noting that Zhao has previously stated that he has held BNB for years, which might explain his substantial investment in the token, and he also mentioned that he had never sold any BNB.

Investors also expressed surprise at the small allocation to Bitcoin, which stood at 1.32% of his portfolio. Being the most recognizable cryptocurrency, which users often treat as a storage mechanism due to its historical presence and market stability, Bitcoin usually receives a larger allocation in portfolios.

However, Zhao's portfolio suggests he may prioritize ecosystem-driven investments over traditional assets, which is evident in his preference to nurture BNB over expanding market reach.

Moreover, Zhao's portfolio included minor holdings in stablecoins, with EURI making up 0.17% and USDT accounting for 0.03%.

The presence of EURI, a token issued by the European Central Bank, raised questions among users about which platform issued these tokens. In response, Zhao acknowledged his lack of knowledge about its source and speculated that it might be linked to Binance Card transactions in its early days.

Besides stablecoins, Zhao also holds a small amount of SBTC, a token representing Bitcoin on the Stacks network.

The BTC token also remained unfamiliar to him, speculating that it could belong to either a cryptocurrency fork or an airdrop distribution.

The variety of assets demonstrates how crypto investments can be, despite being possessed by an experienced industry member.

It's also important to note that Zhao clarified that his portfolio contains additional minor cryptocurrencies, which together make up less than 0.01% of his total holdings.

Some of these assets may have originated from airdrops or previous Binance listings.

However, professional investors, such as Zhao, demonstrate that they can overlook tiny investment amounts when they engage with different funds.

Previously, CZ stated that his Binance equity forms a significant portion of his net worth, which was estimated at $47.8 billion.

According to Zhao, who defends having lower financial assets, such estimates about his wealth do not match his actual worth.

Despite stepping down as CEO, he remains financially tied to Binance's ecosystem through his holdings.

Zhao's disclosure comes after he pleaded guilty before a court in November 2023 for violating the Bank Secrecy Act, leading to his resignation.

As part of the settlement with the U.S. Department of Justice, he agreed to a $50 million financial penalty and a four-month prison term.

After completing his incarceration in September 2024, a new era began for his career and public reputation.