Litecoin creator Charlie Lee wanted it for himself, at the suggestion of Lightning Labs co-founder Elizabeth Stark.
He took the opportunity to point out that many people don't seem to "want" the torch.
TakeTheTorch.online is progressively developing as a website and potentially a movement. Every time we visit it, the appearance has changed, and the list of people who've received the torch has grown longer. It now sports a meme gallery.
The recent Bitcoin price increase moved the value of the torch (3.21 million satoshis) to about $116.
Binance's Zhao obviously sees the value of the Twitter game. Demonstrating the microtransactional possibilities of Lightning Network, the scaling solution for Bitcoin has a lot to prove after two forks of Bitcoin have viably created systems where the value of a transaction is much lower.