News

Justin Sun HTX Account Raises Suspicions With 28,613 BTC

Key Points:

  • Justin Sun HTX account showcases $1.6 billion in Bitcoin, emphasizing active usage to dispel doubts.
  • HTX reserve certificates reveal Sun’s personal assets potentially exceed half of HTX’s reserves, sparking discussions.
Renowned cryptocurrency entrepreneur, Tron’s founder has once again made headlines, showcasing the substantial holdings in Justin Sun HTX account, totaling approximately $1.6 billion, equivalent to 28,613 BTC.

Justin Sun HTX Account Holdings: Asserting Active Usage

Sun emphasized that this move aimed to reaffirm his active utilization of HTX. As of February 1, 2024, HTX reserve certificates disclosed holdings of 540 million USDT, 21,543 BTC, 109,000 ETH, and 9.4 billion TRX. Comparisons indicate Justin Sun HTX account potentially exceeds half of HTX’s reserves, stirring discussions within the cryptocurrency community.

Sun’s remarks didn’t stop there. He asserted his extensive use of HTX, rebutting claims of infrequent engagement with the platform. “I am a heavy user of HTX,” Sun stated, aligning his personal usage with the broader HTX community.

Sun Claims Buffett Holds Bitcoin Amid Market Surge and Suspected ETH Acquisition

In a surprising twist, Sun claimed that Warren Buffett, a notable Bitcoin critic, still retains the Bitcoin gifted to him in 2020. Despite Buffett’s staunch criticisms of Bitcoin as ‘rat poison squared,’ Sun’s revelation hints at a shift in the billionaire investor’s stance on cryptocurrencies.

This revelation coincides with Bitcoin’s surge, partly fueled by MicroStrategy‘s acquisition of 3,000 BTC, drawing parallels between MicroStrategy’s CEO Michael Saylor and Buffett himself.

Additionally, speculation surfaced regarding Sun’s potential involvement in the acquisition of $160.7 million worth of ETH, based on associated addresses. Ethereum’s recent surge towards the $3,250 mark has been attributed to whale activities, spot ETH ETFs, and the forthcoming Dencun upgrade.

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

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