Justin Sun says Tron will boost Bitcoin reserves after Binance call
Crypto Briefing
Tron founder Justin Sun announced that Tron will increase its Bitcoin holdings following Binance's move to convert $1 billion of its SAFU fund to BTC.Summary
Following Binance's decision to convert $1 billion of its SAFU fund stablecoin reserves into Bitcoin, Tron founder Justin Sun stated that the Tron blockchain will also increase its own Bitcoin holdings. Binance views this conversion as reinforcing its belief in Bitcoin as the core long-term crypto asset, expecting the conversion to complete within 30 days, with rebalancing measures in place. Justin Sun's backing of Tron Inc., a Nasdaq-listed company holding TRX, adds context to Tron's financial positioning.
(Source：Crypto Briefing)