Terra Continues Bitcoin Purchases! Remarkable Detail in On-Chain Data

Terra’s (LUNA) non-profit organization Luna Foundation Guard (LFG) aggressively, according to data from IntoTheBlock Bitcoin (BTC) started buying.

Along with the recent purchases, an important statistic about BTC wallets was an interesting change.

Bitcoin Charts Have Changed Sharply With Terra’s Acquisitions

According to data provided by on-chain data provider IntoTheBlock, Luna Foundation Guard, controller of Terra (LUNA) Blockchain, has impacted Bitcoin indicators with its recent acquisitions.

According to IntoTheBlock data, as of March 2022, LFG, cryptocurrency It has become one of the biggest BTC investors in the market. In addition, the sharp increase in the number of addresses holding 1,000 to 10,000 BTC on BTC charts is thought to be due to purchases made by LFG.

Chart shared by IntoTheBlock showing the increase in the number of wallets holding 1,000 to 10,000 BTC.

The analysis company team shared the chart showing the increase in the number of cryptocurrency wallets holding 1,000 to 10,000 Bitcoins. This data has reached an all-time high with the latest developments and continues to rise. A few days ago, the number of wallets holding BTC in this range exceeded the 2,200 level.

It is predicted that the demand for Bitcoin will undoubtedly have positive consequences on the price.

Is MicroStrategy’s Throne in Danger?

As it is known, Terra’s LFG organization announced that it has plans to purchase BTC for $ 11.2 billion. Recently, the organization made a $125 million purchase to realize these plans.

If the company’s plans go in line with expectations, LFG could surpass MicroStrategy to become the world’s largest institutional BTC investor next week.

At the time of this writing, MicroStrategy has $5.5 billion in Bitcoin.

*Not investment advice.

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