## Justin Sun Plans Major Bitcoin Purchase

**Justin Sun**, the founder of Tron, has announced plans to add between **$50 million and $100 million worth of bitcoin (BTC)** to his holdings, as reported by CoinDesk. This move comes during a significant market downturn, with Bitcoin falling to as low as **$74,674** on Monday, marking its lowest point since last April and a **21% drop** since January 15.

### Market Context and Strategic Timing

Sun's potential purchase is being viewed as an **astute investment** compared to many digital asset treasury (DAT) companies that raised funds to buy crypto at record highs last year. According to [bitcointreasuries.net](https://bitcointreasuries.net/), many of these companies are now facing losses of over **30%** on their holdings. This highlights Sun's strategy of buying during a selloff, potentially capitalizing on lower prices.

### Broader Institutional Moves

In a related development, **Binance** announced last week that it would purchase **$1 billion worth of bitcoin** to allocate to its user protection fund. This indicates a growing trend of major players in the crypto space increasing their Bitcoin exposure amid market volatility.

### Tron's Performance

Meanwhile, **TRX (Tron)** is currently trading at **$0.284**, having outperformed Bitcoin in recent months. It remains above its December low of $0.27 and is in a macro uptrend since late 2022, suggesting resilience in the Tron ecosystem despite broader market challenges.

### Implications for the Market

Sun's planned purchase could signal **confidence in Bitcoin's long-term value**, even as short-term prices fluctuate. It may also encourage other investors to consider accumulating Bitcoin during dips, potentially stabilizing the market. The combination of Sun's move and Binance's billion-dollar buy adds to the narrative of **institutional accumulation** during periods of retail panic.

Justin Sun plans to add between $50 million and $100 million worth of bitcoin (BTC) to the blockchain's holdings, the Tron founder told CoinDesk.

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