The TRON DAO Reserve has bought 500 bitcoins and 600,000,000 TRX tokens for more than $60 million to safeguard the crypto market following a market crash.
The entity bought the BTC at an average price of $31,031 for more than $15.5 million and TRX tokens for $45,641,630.
Tron, a company founded by Justin Sun, has also included Ankr as the fourth member of the entity and has whitelisted the firm.
Bitcoin has shed off about $10,000 in the past five days in crypto-wide liquidations that have also seen the altcoins register significant losses.
The Central American country of El Salvador and a bitcoin-loving nation has also bought 500 bitcoins at an average price of $30,744 following the dip.
Source: Twitter
To safeguard the overall blockchain industry and crypto market, TRON DAO Reserve have bought 500 #BTC with average price 31031.35 for $15,515,675. #Bitcoin
— TRON DAO Reserve (@trondaoreserve) May 10, 2022
