Former Binance CEO, Changpeng ‘CZ’ Zhao believes Bitcoin will become the global reserve currency. So far, his statement’s been proven by the rise in companies and nation’s adopting BTC treasuries.
Summary
- Former Binance CEO, Changpeng “CZ” Zhao, said that Bitcoin will become the ‘global reserve currency.’
- As of August 2025, there are more than 300 entities worldwide that hold BTC in their balance sheets.
On August 29, Changpeng “CZ” Zhao said that Bitcoin (BTC) is well on its way to becoming the global reserve currency. The former Binance CEO observed that more entities, especially from the traditional finance sector, are adding the largest cryptocurrency in the world to their balance sheets than ever before.
“So I think we’ve seen this evolution, and it’s great to see that now, with both legacy, well traditional financial industries and nations and countries adopting Bitcoin. Plus, other current cryptocurrencies,” said CZ.
“So I believe we’ve come a really long way,” he added.
CZ has long been a champion of BTC. When the asset reached a new all-time high on July 14, breaking through the $122,000 threshold, he reminded traders that it was just the start for BTC to reach further heights.
“It took three years to reach an ATH of $1,000 again in January 2017. We were excited. Now, that is just a small fraction, less than 1% [of the current Bitcoin value],” said Zhao in his post in July.
CZ, who was one of the early adopters of BTC back in 2014, compared the excitement surrounding the July rally to the moment when BTC reached $1,000 back in 2017. His point was later proven a month later when the asset reached its most recent ATH at $124,128.
How many entities have started stockpiling Bitcoin?
According to data from BTC Treasuries, as many as 17 new entities have recently adopted Bitcoin treasuries in the past month. In total, there are now 309 entities holding BTC in their balance sheets. Public companies make up more than a third of the total number, with 177 corporations holding BTC.
For comparison, throughout 2024 there were only 37 new companies that began adding BTC to their corporate treasuries. In the first half of 2025 alone, there have already been 51 new companies. As of mid-2025, more than 35 public companies hold at least 1,000 BTC each, up from 24 at the end of Q1 2025. This trend is further accelerated by the boost in stock prices that usually come after a company declares big moves to start accumulating BTC.
Michael Saylor’s Strategy remains the reigning top holder of BTC among Treasury Companies, with 632,457 BTC on its balance sheet. At the moment, Strategy holds around 3% of all BTC in existence.
There are 3.68 million BTC held in treasuries belonging to ETFs and other funds, crypto exchanges, public and private companies, and government bodies. Compared to the number of BTC in circulation globally, which is around 19.9 million, there’s still quite a few left to be acquired.
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