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    Home » TRON DAO Reserve Acquired BTC and TRX Valued at $60M Amid Widespread Crypto Crash
    Crypto News

    TRON DAO Reserve Acquired BTC and TRX Valued at $60M Amid Widespread Crypto Crash

    May 10, 20221 Min Read
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    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

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    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.

     

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