The team behind the TRON DAO reserve announced two purchases for the project’s stablecoin, accumulating more than $60M of TRX and BTC.
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
BTCUSD up +5.57%, TRXUSD up +10.69%
In the last five days, there has been turbulence in the crypto space, with Bitcoin losing almost $10,000, and the altcoins are following the same trend.
Even though the current ecosystem on Terra and its controversial UST stablecoin, TRON has decided to strengthen the backing of its own native token.
The TRON DAO Reserve announced the acquisition of 500BTC with an average price of $31,031 for more than $15.5M as well as acquiring nearly 600,000,000 TRX for $45,641,630.
Independently, Justin Sun’s brainchild stated it had welcomed Ankr as the fourth member and whitelisted the institution.
