Saylor Backs Binance’s More Than $6.34 Billion Plan to Replace Affected Assets

Strategy Executive Chairman Michael Saylor backed Binance’s commitment to replace customer assets Friday, after the exchange said it had allocated more than $6.34 billion in company funds for the recovery. Saylor posted at 9:57 a.m. ET (13:57 UTC) Oct. 30: “Binance has committed its own balance sheet to making customers whole. I expect it to deliver.” He did not announce a Strategy contribution or describe any exposure to Binance. Binance said $5 billion was already held in the affected tokens and that it was acquiring the rest through market and over-the-counter channels.