Justin San took advantage of the market’s fall in cryptocurrency prices and purchased Bitcoin and Ethereum.
Sun reported on Twitter that he had saved cryptocurrency. He bought 4,145 BTC. The token cost an average of $36.87 thousand. The estimated investment sum is $152 million.
Sun bought 54,153 ETH in ETH. He charged $2.5 thousand on average for each token. The overall investment was $135 million.
In addition to Justin San, MicroStrategy CEO Michael Saylor and even Elon Musk have confirmed his bullish stance on cryptocurrencies. The Tesla founder revealed his willingness to keep Bitcoins by tweeting a “Diamond Hands” emoji.
There were posts on social media of a large number of Bitcoins leaving exchanges. Institutional investors deliberately purchase them. As a result, the latest market correction has been dubbed the “largest redistribution of income.”