CZ said he never stated that Binance would sell its SpaceX shares. He said he had mentioned the shares only as proof of funds.
The clarification distinguishes citing an asset as evidence of financial resources from announcing an intention to sell it. The seed does not specify the size or terms of Binance’s SpaceX shareholding.
Frequently asked questions
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What did CZ say about Binance selling its SpaceX shares?
CZ said he never stated that Binance would sell its SpaceX shares.
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Why did CZ say he mentioned Binance’s SpaceX shares?
He said he mentioned the shares only as proof of funds.
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Does citing shares as proof of funds mean Binance plans to sell them?
No. The clarification distinguishes citing an asset as evidence of financial resources from announcing an intention to sell it.
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Did CZ provide details about the size of Binance’s SpaceX holding?
No details on the size of the shareholding were provided.
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Were any terms of a SpaceX share sale announced?
No sale terms were specified; CZ said he had not stated Binance would sell the shares.
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