Justin Sun may acquire up to $100 million worth of Bitcoin to grow Tron’s treasury, the billionaire said in a statement to CoinDesk after revealing last week that Tron would increase its Bitcoin stash in response to Binance’s call.
Binance is shifting $1 billion from its SAFU fund’s stablecoins into Bitcoin in a move that reinforces the company’s conviction that Bitcoin is the cornerstone of the crypto market.
Data tracked by Lookonchain shows that Binance already acquired over $100 million in Bitcoin today.
Binance SAFU Fund just bought 1,315 $BTC($100.7M).https://t.co/WwuOOWlMjj pic.twitter.com/jyGjUtY9bd
— Lookonchain (@lookonchain) February 2, 2026
The commitments from Sun and Binance come as the crypto market faced a sharp downturn last weekend, with Bitcoin falling below $75,000, its lowest level since April 2025.
The leading digital asset was hovering around $78,000 at the time of writing, up 1% in the last 24 hours, per TradingView.
Bitcoin has dropped 11% so far this year, creating what some analysts view as a buying opportunity.