 
 
Binance founder Changpeng Zhao (CZ) has tweeted that major US banks are “loading up” on Bitcoin while the rest of the market has engaged in panic selling. Zhao, fresh from his pardon from US President Trump, has become a much more vocal proponent of the cryptocurrency revolution and is visiting countries around the world to promote it.
CZ tweeted:
CZ’s tweet is highlighting the latest trend of major American banks buying up Bitcoin in large amounts, even as retail investors continue to be on the defensive. Notable names like BNY Mellon, Goldman Sachs, BlackRock, Barclays, and Standard Chartered have reportedly invested directly. Other financial institutions like JPMorgan Chase, Citibank, Morgan Stanley, and Wells Fargo have engaged indirectly through Bitcoin Exchange-Traded Funds (ETFs).
Adding to Wells Fargo’s $383 million purchase of BTC, Morgan Stanley has invested $270 million in the Grayscale Bitcoin Trust (GBTC), while JPMorgan Chase holds millions of dollars in multiple Bitcoin ETFs.
Goldman Sachs reportedly has a sizeable $1.3 billion stake in BlackRock’s Bitcoin ETF and $300 million in Fidelity’s ETF.
 
Are US Banks Going on a Bitcoin Buying Spree?
While CZ is doing his best to amplify the recent Wells Fargo purchase, it is not yet true that the US banks are going on a Bitcoin buying spree. The premier digital currency has had a bearish 2025 overall, while other commodities like Gold, Silver, etc., have had a much better showing, outperforming it by a considerable margin.
The total investment by US banks in BTC is in the range of several billion dollars, and while that sum may seem huge, it is peanuts compared to their total worth, which is in the tens of trillions of dollars. BlackRock alone is worth in excess of $10 trillion, and its BTC exposure is a minuscule fraction of that valuation.
However, the idea that these top banking institutions will be interested in loading up their coffers with BTC in the near future is a likely possibility, as several top executives have voiced their support for it. If these major institutions start holding crypto as a reserve asset, other companies are expected to follow suit, which will likely set off a snowball effect that sharply drives up the crypto market.
In addition to major financial players, governments around the world are also looking to buy Bitcoin for their strategic crypto reserves. Several US states, such as Texas and New Hampshire, have already bought BTC for their state coffers, and the US federal government is also moving toward this move.