Justin Sun may acquire up to $100 million worth of Bitcoin to grow Tron’s treasury, the billionaire said in a statement to CoinDesk after revealing last week that Tron would increase its Bitcoin stash in response to Binance’s call.
Binance is shifting $1 billion from its SAFU fund’s stablecoins into Bitcoin in a move that reinforces the company’s conviction that Bitcoin is the cornerstone of the crypto market.
Data tracked by Lookonchain shows that Binance already acquired over $100 million in Bitcoin today.
The commitments from Sun and Binance come as the crypto market faced a sharp downturn last weekend, with Bitcoin falling below $75,000, its lowest level since April 2025.
The leading digital asset was hovering around $78,000 at the time of writing, up 1% in the last 24 hours, per TradingView.
Bitcoin has dropped 11% so far this year, creating what some analysts view as a buying opportunity.
Source: https://cryptobriefing.com/tron-bitcoin-treasury-allocation/
