JAKARTA – Terra (LUNA) and Luna Foundation Guard (LFG) reportedly bought 4,130 Bitcoins. This amount is equivalent to 176.1 million US dollars or around Rp. 2.5 trillion.
For this purchase, to date LFG has a total of 39,897.98 BTC which is valued at US$1.7 billion (around Rp. 24.5 trillion). Luna Foundation Gaurd Raised 176 Million US dollars in Bitcoin for TerraUSD (USDT) Decentralized FX Reserve.
Reporting from Bitcoin.com News, a few days ago Luna Foundation Gaurd (LFG) announced a partnership with the Avalanche Foundation and revealed that they will be buying up (AVAX) US$100 million worth of over-the-counter (OTC) exchanges.
The $100 million in AVAX is intended to diversify the reserves held for the UST Decentralized FX Reserve Project. TerraUSD or UST is Terra (LUNA) algorithmic stablecoin and LFG has also supported forex reserves with bitcoin (BTC).
Four days ago, on April 6th, LFG acquired 5,040 bitcoins (BTC) which increased its holdings to 35,767.98 Bitcoins. The first transaction was 1,482 BTC, the second was 492 BTC, the third transfer was 1,174.99 BTC, and the last transaction sent to the LFG wallet was 981 BTC. In addition to the large bitcoin deposit that comes from purchasing Terra, the address receives a huge amount of BTC every day.
Singapore-based non-profit organization Gnosis has withdrawn USDT stablecoin as much as 183,515,000 Tether (USDT). According to onchain metrics, LFG's ethereum address has only 164.17 million tethers left. However, the address holds a large amount of usd (USDC) coins as it currently holds 398.95 million USDC as of April 10. This means the Terra project (LUNA) has 563.12 million stablecoins.
After depositing 4,130 bitcoins, LFG bitcoin wallet now holds 39,897.98 bitcoins worth 1.7 billion US dollars. The digital wallet address has made 66 transactions or deposits, so far the LFG Bitcoin wallet has not sent a single coin to another wallet. According to blockchain explorer Blockchair's report, the LFG Bitcoin wallet balance change took place two months ago.
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