Terra’s non-profit organization Luna Foundation Guard (LFG), which is stated to be the target of collecting 10 billion dollars in bitcoins, has added 2830 bitcoins (approximately $135 million) to its wallet.
The address where Terra holds the bitcoins has been identified and is currently the total 27,784.96 BTC exists.
Terraform Labs, which developed the Terra blockchain system, announced the Luna Foundation Guard to promote the growth of the Terra ecosystem, according to a statement on Twitter on January 20, 2021.
On March 14, Do Kwon, co-founder and CEO of Terraform Labs, said in a statement. 10 billion dollars TerraUSD will accumulate bitcoin as its reserve had said. After this statement, it was stated that Luna started buying bitcoin.
The Luna Foundation Guard’s bitcoin hoarding wallet, according to OKLink 9 transactions per day and 29 this week, 42 in total.made the transaction. Terra, one shot 8,588 BTC with the highest purchases.
With this news, the trading volume of terra’s native token LUNA has reached its limit. It increased by 70% in 24 hours to approximately 1.5 billion dollars. reached.