Tron (TRX) Founder Justin Sun Makes a Huge Bitcoin (BTC) Move Amidst the Downturn!

Bitcoin’s downward momentum continues, with the price falling below $75,000 over the weekend.

After the price slightly recovered above $77,000, Tron (TRX) founder Justin Sun made a move regarding Bitcoin.

According to Coindesk, Justin Sun plans to buy up to $100 million worth of Bitcoin.

Speaking to Coindesk, Tron founder Justin Sun said he plans to add between $50 million and $100 million worth of Bitcoin to the Tron treasury.

Sun’s planned purchase attracted attention as it came after Bitcoin fell 21% since January 15, dropping to $74,674.

According to Bitcointreasuries, this move from Tron stands in stark contrast to the situation of digital asset treasury companies, which saw near-record highs last year and are now experiencing a drop of more than 30% in their holdings.

In addition, Binance, the world’s largest cryptocurrency exchange, announced that it will gradually purchase up to $1 billion worth of Bitcoin using stablecoins from its SAFU fund.

*This is not investment advice.

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