Terra Buys Another $176 Million in Bitcoin

Luna Foundation Guard which is a non-profit org that supports boosting the Terra blockchain has bought $176 million worth of Bitcoin which brings their total to 42400 BTC

Terra Buys Another $176 Million in Bitcoin

“Luna Foundation Guard (LFG), a Singapore-based non-profit organization focused on boosting the Terra blockchain, has snapped up another $176 million worth of Bitcoin earlier this Sunday.

LFG now holds roughly $1.7 billion in the largest cryptocurrency. The massive Bitcoin stash is meant to prop up the native UST stablecoin, making it easier for it to maintain its dollar peg during extreme market volatility.”



Master Asked on April 13, 2022 in Cryptocurrency.
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