Justin Sun is Expanding Bitcoin Purchases.

Justin Sun's Bitcoin Buying Strategy

Justin Sun announced his intention to purchase 100 million dollars worth of Bitcoin, following a 21% decline in prices since January 15, 2023. The current price of Bitcoin has dropped to 74,674 dollars.

This move comes during a time when companies with digital asset treasuries have experienced over a 30% decline in value after record-high purchases last year. According to Bitcoin Treasuries data, this situation signifies a significant loss for the purchasing companies.

Additionally, Binance announced that it has set aside 1 billion dollars worth of Bitcoin for its user protection fund. Meanwhile, TRON (TRX) continues to trade around 0.284 dollars, attempting to maintain its position at December's lowest levels while being part of a long-term upward trend.