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Binance founder Changpeng Zhao pushed back against interpretations that his mention of holding SpaceX (SPCX) shares was intended to pressure Elon Musk. In a post on X, Zhao said he had never said he would sell SpaceX shares and had raised the holding only to explain, amid earlier comparisons with FTX and questions about Binance’s funding position, that he also holds assets outside crypto.
Zhao added that threatening someone runs against his principles and said such a threat would not be credible anyway because the shares held are only a tiny portion of SpaceX as a whole. Zhao also said SpaceX remains one of the best stocks to hold for the long term and stressed there was no need to frame the matter as a conflict or drive a wedge between the two sides.