Explore the latest developments concerning Tron founder Justin.
Tron founder Justin Sun to buy up to $100 million in BTC after market selloff
Justin Sun plans to add between $50 million and $100 million worth of bitcoin BTC$68,811.85 to the blockchain's holdings, the Tron founder told CoinDesk.
Bitcoin fell as low as $74,674 during the Asian morning on Monday, its lowest point since last April with BTC now having lost 21% of its value since Jan. 15.
It would mark as astute purchase in comparison to the hoards of digital asset treasury (DAT) companies that raised money to purchase crypto at record highs last year, many of which are now facing losses of more than 30% on their holdings, according to bitcointreasuries.
Binance also announced that it would purchase $1 billion worth of bitcoin at the tail end of last week with the funds being allocated to the exchange's user protection fund.
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