Tron Founder Justin Sun Eyes $100 Million Bitcoin Purchase

While different crypto enthusiasts are perturbed by Bitcoin terms decline, Justin Sun is readying to put astir $100 cardinal successful the asset. Notably, Bitcoin terms has present fallen to astir $77,000, down by 14% wrong the past 30 days. Sun’s determination comes astatine a clip erstwhile Bitcoin treasury companies are counting their losses.

Sun said that helium is adding astir betwixt $50 cardinal and $100 cardinal worthy of Bitcoin to Tron’s holdings. Coincidentally, Bitcoin terms fell beneath $75,000 during the Asian greeting hours connected Feb. 2, marking its lowest constituent since past April. So far, BTC has mislaid up to 21% of its worth since Jan. 15.

According to CoinMarketCap data, the terms of BTC has recovered somewhat to commercialized astatine $77,706.44. This corresponds to a 1.08% diminution wrong 24 hours. From implicit $2 trillion, its marketplace capitalization has plummeted to $1.55 trillion. Also, the coin’s 24-hour trading measurement is pegged astatine $73.93 billion, with a 1.37% decline.

Should Sun determination guardant with the plan, this would people a large purchase. This is particularly truthful erstwhile compared to the Digital Asset Treasury (DAT) companies that pulled funds to get crypto astatine grounds highs successful 2025.

As it stands, galore specified companies are faced with immense losses, moving to the tune of much than 30% connected their holdings, per a Bitcointreasuries report.

With BTC falling beneath $75,000, concern quality and bundle steadfast Strategy has recorded much than $1 cardinal successful unrealized losses.

This has raised concerns among MSTR investors astir imaginable volatility and liquidation risks ahead. Shortly aft a caller acquisition of 2,932 BTC for $264 million, it was reported that the company’s mean acquisition terms present stands adjacent $76,000 per Bitcoin.

Currently, Strategy’s mean Bitcoin acquisition terms stands astatine $76,037.

Meanwhile, Binance has hinted astatine its program to acquisition $1 cardinal worthy of BTC. The crypto speech issued an unfastened missive to the community, noting that it would determination $1 cardinal from its idiosyncratic extortion fund, presently held successful stablecoins, to Bitcoin.

Read archetypal communicative Tron Founder Justin Sun Eyes $100 Million Bitcoin Purchase by Godfrey Benjamin astatine Coinspeaker.com