# CZ Says Binance's SPCX Stake From Twitter Deal Tops $1 Billion By John Kim Canonical URL: https://www.tokenpost.com/news/business/44495 Published: 2026-10-30T09:58:48.000Z Updated: 2026-10-30T09:58:48.000Z Section: Business > CZ said Binance's original investment was $500 million and asked Musk to stop teasing and show support. CZ said Friday that Binance's $500 million investment in Elon Musk's Twitter acquisition yielded shares in the [tokenized SpaceX security (SPCX)]() now valued at more than $1 billion. He asked Musk to stop teasing and show support. The remarks followed an estimate from 0xngmi that Binance held about $144 billion in custody assets and had losses of about $1 billion after USDT and USDC were frozen. That estimate equaled 0.69% of the custody assets. CZ said the actual loss could be slightly higher and Binance would cover it in full. After CZ's response, @HuaweiMate6 posted an image mocking an earlier response by SBF. Musk replied with a grimacing-face emoji. ## Links in this article - [tokenized SpaceX security (SPCX)](https://www.tokenpost.com/news/investing/44043)