TRON DAO Buys $60M in BTC and TRX to Protect the Industry

TRON DAO Buys $60M

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 

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