Binance founder Changpeng Zhao (CZ) suggests that new Bitcoin treasury companies are making calculated, risk-based decisions like any other firm.
He made this assertion in response to data on the latest Bitcoin treasury companies.
12 New Bitcoin Treasury Companies Disclose BTC Holdings
For context, last month ended on a high note for Bitcoin. Notably, several companies leveraged Strategy’s Bitcoin playbook by converting part of their cash reserves to BTC for the first time.
Crypto commentator Berit shared data showing that 12 companies acquired Bitcoin last month, marking it as their first BTC purchase. According to the data, GameStop acquired 4,710 BTC, Zap Solutions 1,500 BTC, DDC Enterprise 100 BTC, Roxom Global 98.01 BTC, and ATAI 58 BTC.
Other companies whose Bitcoin acquisition became public knowledge in May include KindlyMD/Nakamoto (21 BTC), Coinsilium Group Forza (10 BTC), Walnut Capital (10 BTC), Where Food Comes From (7 BTC), GreenMerc (6.2 BTC), Al Abraaj Restaurants (5 BTC), and H100 Group (4.39 BTC).
Binance Founder: “Not Taking Risks to Buy Bitcoin Is a Risk”
In response, the Binance founder said these new Bitcoin treasury companies are making deliberate, risk-based decisions by purchasing BTC. He emphasized that every company takes risks, whether they’re buying Bitcoin or engaging in other activities.
According to him, risk is not a binary concept requiring an all-or-nothing approach. Instead, the amount of risk a company assumes should be based on a calculated position on a scale of 0–100%.
CZ, who previously stated that Bitcoin was going to the “moon,” asserted that with the right balance, a firm could achieve an optimal risk-to-ROI ratio.
These companies are taking risks.
Every company takes risks.
Risks are not binary like 0 or 1.
Risks are a range from 0 – 100.
With the right balance, you can achieve the best risk/ROI ratio that works for you.
Risks can/must be managed.
Not taking risks is a risk in itself. https://t.co/LXsQceWNRZ— CZ 🔶 BNB (@cz_binance) June 3, 2025
Managing Risks
Rather than criticizing or endorsing any specific strategy, CZ’s commentary framed Bitcoin acquisition by treasury companies as part of a broader discussion on corporate risk management. It suggests that companies must find a personalized, optimal balance of risk and return, whether that includes Bitcoin or not.
In response to his commentary, a follower asked CZ how much risk exposure he is taking, and he replied, “Too much.”
He said he holds more fiat than necessary, humorously describing it as riskier than holding Bitcoin. In parallel, Zhao noted he plans to reduce his risk exposure in fiat currencies.
However, he did not indicate whether he would convert some fiat currencies to cryptocurrencies, such as Bitcoin.
Too much. I have more fiat (stable) than I want. Just received some. Need to reduce my risk exposure there.
— CZ 🔶 BNB (@cz_binance) June 3, 2025
Essentially, the Binance founder’s message is that firms face significant risks by refusing to take risks. This implies that companies that decide not to add Bitcoin to their balance sheets may be taking a greater risk, which could result in them missing out on potential returns.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
