Justin Sun Reveals $1,622,357,100 Stash of Bitcoin (BTC) Sitting on Crypto Exchange HTX – Here’s Why

Billionaire and founder of Tron (TRX) Justin Sun is revealing his Bitcoin (BTC) holdings on crypto exchange HTX.

Sun tells his 3.5 million followers on the social media platform X that his HTX account holds 28,613 BTC, worth about $1.62 billion at time of writing.

Sun is an advisor for HTX, formerly known as Huobi, and he says he is revealing his BTC holdings in response to critics saying he is not an active user of HTX.

“My personal HTX account balance (just for those who are saying I’m not using HTX much)…

Personally, I use almost all main exchanges and am a supporter of those exchanges. However, if someone says I seldom use HTX.com, that would be inaccurate. I am a heavy user of HTX. My personal use of HTX is the same as all HTX users, believing and trading.”

Sun is recently said that smart contract blockchain Tron – a chain he co-founded – is rolling out support for Bitcoin layer-2 scaling solution project Merlin Chain, which aims “to expand Bitcoin interoperability, utilities and financial accessibility.”

And earlier this month, Sun announced a layer-2 project roadmap for Tron promising an increase in project collaborations.

“Tron will collaborate with multiple Bitcoin layer-2 protocols, gradually announcing significant partnerships. These collaborations will allow Tron users to participate in re-staking initiatives across major Bitcoin layer-2 networks, supporting the growth of the Bitcoin layer-2 ecosystem with Tron’s diverse asset portfolio.”

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The post Justin Sun Reveals $1,622,357,100 Stash of Bitcoin (BTC) Sitting on Crypto Exchange HTX – Here’s Why appeared first on The Daily Hodl.