Sun Yuchen, the founder of TRON and CEO of HTX Exchange, revealed on social media that he holds a staggering 28,613.73 bitcoins in his personal HTX account, worth approximately $1.624 billion. This amount exceeds the bitcoin reserve announced by HTX Exchange itself.
In response to suspicions from the community about not using his own HTX tokens, Sun explained his decision to publicly disclose his bitcoin holdings. He stated that if his claim is true, along with his holdings of other tokens and assets from other exchanges, his personal wealth would easily amount to billions of dollars.
Interestingly, Sun’s revealed data shows that he holds 28,613.73 bitcoins in his HTX account. However, according to the official asset audit data released by HTX Exchange on February 1st, the exchange’s BTC reserve is only 21,651 bitcoins, with a reserve ratio of 100%. This means that Sun’s personal holdings are 6,962 bitcoins (nearly $400 million) more than the exchange’s reserve.
Even considering that the data may not be the most up-to-date, and there may be some discrepancies, it is still quite extraordinary that Sun’s personal BTC holdings account for such a significant proportion of the exchange’s reserves, even if HTX has accumulated a large amount of bitcoins recently.
HTX Reserve Status. Image Source: HTX
HTX Reserve Status. Image Source: Nansen
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