Justin Sun plans to add $50 million to $100 million worth of Bitcoin BTC$68,811.85 The founder of TRON spoke to CoinDesk about his blockchain holdings.

Bitcoin fell to $74,674 mid-morning Asian time on Monday, its lowest since April last year, and BTC has now lost 21% of its value since January 15th.

This is a smart purchase compared to the trove of digital asset treasury (DAT) companies that raised funds last year to buy cryptocurrencies at record high prices. Many of them are now facing losses of more than 30% of their holdings. bitcoin treasury.

Binance also announced over the weekend that it would purchase $1 billion worth of Bitcoin and allocate the funds to the exchange’s User Protection Fund.

TRX$0.2751 Currently trading at $0.284, it has outperformed Bitcoin in recent months but is still above its December low of $0.27, continuing its upward trend since late 2022 in a macro sense.