The Luna Foundation Guard (LFG), the treasury backing the TerraUSD ($UST) stablecoin, holds almost 40,000 Bitcoins.
The LFG wallet holds 39,897.98 bitcoins. This stockpile is worth around $1.67 billion. The LFG has added over $400 million in assets to its treasury over the past week.
On April 6th it purchased $230 million of $BTC.
On April 8th it purchased $200 million in $AVAX.
Do Kwon, founder, and CEO of Terraform Labs, stated that the LFG plans to acquire over $10 billion in BTC. In hopes to “open a new monetary era of the bitcoin standard.”
LFG is well on its way to the goal of $10 billion worth of BTC in its reserves. Is this a goal achievable this year, or for the coming years?
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