Sun Yuchen, the founder of TRON and the head of HTX Exchange, revealed on social media platform X last night that he holds a Bitcoin balance of up to 28,613.73 BTC in his personal HTX account, valued at approximately $1.624 billion according to current market prices. This amount is even higher than the disclosed Bitcoin reserves of HTX Exchange.
Sun Yuchen explained his decision to publicly disclose the amount of Bitcoin he holds in HTX, stating that some members of the community questioned why he doesn’t use his own HTX. He further elaborated on his HTX Bitcoin wallet balance, which surpasses the reserves of the entire exchange.
If Sun Yuchen’s claims are true, considering his holdings of other tokens and assets in other exchanges, his personal net worth is estimated to be worth several billion dollars.
Interestingly, the data Sun Yuchen shared shows that he holds 28,613.73 BTC in his HTX account. However, according to the official asset audit data released by HTX Exchange on February 1st, the exchange’s BTC reserves were only 21,651 BTC, with a reserve ratio of 100%, which means it falls short of Sun Yuchen’s personal holdings by 6,962 BTC (approximately $400 million).
Even according to real-time data from analytics platform Nansen, which shows 26,104 BTC, Sun Yuchen still holds an excess of 2,500 BTC.
Although these data may not be the most up-to-date and may have some discrepancies, Sun Yuchen’s BTC holdings compared to the exchange’s reserves are still significant, even if HTX has accumulated a large amount of Bitcoin in recent times.
(Images) HTX Reserve Status. Image Source: HTX
(Images) HTX Reserve Status. Image Source: Nansen
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