Recently, Terra’s nonprofit Luna Foundation Guard (LFG), which has been constantly buying bitcoins, has added 2943 more bitcoins to its wallet, which is equivalent to about $140 million.
With the last update on Terra’s account 30,927.97 There are bitcoins. Approximately 1.5 billion The company, which bought $ bitcoins, is aiming to collect it for UST reserves. 10 billion dollars your bitcoin 15% of has been completed.
Terra’s founder, Do Kwon, said in a statement that over time 10 billion dollars that it will collect bitcoins, but soon 3 billion dollars announced that they could.
However, despite this news, the volume of Terra’s local token LUNA, which has been on the rise lately, is the latest according to CoinMarketCap data. 16% in 24 hours experienced a decline. This is thought to be the effect of a minor correction in bitcoin.
Terra made its first two purchases on March 22. about 1 week from 30 thousand accumulated more bitcoins.
These purchases are said to have surprised many in the cryptocurrency market. Blockstrean CEO Adam Back reportedly said he had doubts about where the money came from.
It was announced that Terra had previously added 2830 bitcoins (approximately $135 million) to its LFG wallet.
Terra Adds 2830 Bitcoins to Luna Foundation Guard (LFG) Wallet
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