Justin Sun is the founder of the public chain TRON and the head of the Huobi (HTX) exchange. He announced the Bitcoin balance in his personal HTX account on social platforms late yesterday, showing that he owned 28,613.73 Bitcoins, which is worth approximately US$1.624 billion based on current market prices.
As the saying goes, wealth should not be revealed. The reason why Sun Yuchen generously announced the number of Bitcoins he holds on Huobi this time is because some people in the community questioned that he does not use his own HTX. He explained in the post: I Individuals use and support almost all major exchanges. However, it would be inaccurate to say that I rarely use HTX.com. I am a heavy user of HTX. My personal use of HTX, like all HTX users, is to trust and trade.
The number of Bitcoins in Justin Sun’s HTX wallet is actually larger than the entire exchange’s reserves?
If what Justin Sun said is true, plus the other tokens and other exchange assets he holds, his personal wealth will be at least several billion dollars.
But what’s interesting is that the information posted by Justin Sun shows that he holds 28,613.73 Bitcoins in his HTX account. However, after verification, according to the official asset audit data released by Huobi Exchange on February 1, the exchange’s BTC reserves are currently 21,651 BTC, with a reserve rate of 100%, which is 6,962 BTC less than Sun Yuchen’s personal holdings. (Nearly $400 million).
Even if the real-time data from the data analysis platform Nansen is: 26,104 Bitcoins, Justin Sun still holds 2,500 more Bitcoins.
Although these data may not be the latest, there may be some gaps. Even with HTX’s recent massive increase in Bitcoin holdings, the amount of BTC held by Justin Sun is still very high compared to the entire exchange’s reserves.
HTX Reserve Status
HTX Reserve Status
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