CZ clarifies SPCX stake remarks
Story timeline · 2 updates, 31 Oct 2026
CZ said he cited Binance's SPCX holding only to show it owns assets beyond crypto after comparisons with FTX, and that he never planned to sell. He now says his remarks about Musk were over-interpreted and that he never threatens people.
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CZ says he never planned to sell SPCX shares and sees them as a long-term hold
CZ said on X that he never said he would sell SPCX stock, having cited the holding to show Binance owns assets beyond crypto after posts compared it with FTX. He called SPCX a quality long-term holding and urged against framing the matter as a confrontation.
CZ says he did not use money to threaten Musk, citing SPCX stake
Binance founder CZ said his remarks about Musk were over-interpreted and that he cited holding SPCX shares only to show Binance holds assets beyond cryptocurrency after a comparison with FTX. He said he never threatens people and called the holding a drop in the bucket.
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