Binance Founder CZ Joins Scaramucci, Saylor to Confirm Crypto & Bitcoin Buying, “Not Selling”

Binance co-founder Changpeng “CZ” Zhao on Wednesday confirmed they are buying and holding crypto rather than selling amid recent market volatility and uncertainty. He joined SkyBridge Capital founder Anthony Scaramucci and Strategy executive chairman Michael Saylor, who confirmed they would continue buying Bitcoin and not sell despite losses.

Binance Founder CZ Says We Are Buying Crypto, Not Selling

Changpeng “CZ” Zhao has repeatedly stated that he doesn’t trade at all, and just holds Bitcoin, BNB, and other crypto assets. Binance co-founder recommended buying dips and continuing to build during the crypto market downturn.

Crypto exchange Binance and CZ are also facing attacks due to the recent crypto market crash, but he said, “The best time to buy is when there is maximum FUD.”

In an X post on February 11, Changpeng “CZ” Zhao emphasized a long-term crypto holding and buying approach, saying “we have been buying and holding, not selling.” The confirmation comes as Goldman Sachs revealed crypto holdings worth $2.36 billion, marking a 15% quarter-over-quarter increase despite market volatility.

Notably, Binance is converting stablecoins into Bitcoin for its SAFU fund, which now holds 10,455 BTC worth about $736 million.

Anthony Scaramucci Actively Buying the Dip

Anthony Scaramucci, founder of SkyBridge Capital, has taken a more aggressive approach of actively purchasing Bitcoin during the recent market downturn. Capital inflows into Bitcoin will begin once the crypto market structure bill passes.

During the Consensus Hong Kong conference, Anthony Scaramucci confirmed SkyBridge has been purchasing Bitcoin at every dips. “So 10 days ago, we were buying Bitcoin at 84,000 last week, we’re buying Bitcoin at 63,000 bitcoin this week, we’re buyers of Bitcoin in this market, again,” he said.

Along with Changpeng Zhao, SkyBridge Capital founder also continues to maintain his bullish long-term outlook on Bitcoin. Earlier, Scaramucci revealed that 70% of his net wealth is tied up in BTC.

Michael Saylor Confirms Strategy Won’t Sell Bitcoin

Michael Saylor affirmed Strategy will not sell Bitcoin holdings despite prevailing volatility and unrealized losses. He claims the company will continue to buy BTC every quarter, dismissing concerns that declining prices will force it to liquidate its holdings.

This echoes Strategy CEO Phong Le’s recent statement that Bitcoin would have to drop to $8,000 and remain there until 2032 to face liquidation risks.

BTC price is trading 3% lower at $66,922 over the past 24 hours despite Binance founder CZ’s statement. The 24-hour low and high are $66,927 and $69,954, respectively. Furthermore, trading volume has decreased by 14% ahead of the US Nonfarm payrolls and unemployment rate release due later today.