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CoinGape
2022-05-10 08:36:46

As Prices Plummet, Tron Buys 500 Bitcoin For Its Stablecoin Reserve

As Prices Plummet, Tron Buys 500 Bitcoin For Its Stablecoin Reserve

Tron founder Justin Sun said on Tuesday that the blockchain had capitalized on a recent drop in Bitcoin (BTC) prices and bought 500 tokens. The tokens were purchased for $15.5 million, representing an average price of $31,031. BTC is currently trading around $31,900- having slightly recovered from an overnight crash to $29,000. Tron said the The post As Prices Plummet, Tron Buys 500 Bitcoin For Its Stablecoin Reserve appeared first on CoinGape.

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