THELOGICALINDIAN - On Sunday April 10 2022 the Terra LUNA activity and Luna Foundation Gaurd LFG acquired 4130 bitcoin account 1761 actor at the time of adjustment Using todays bitcoin barter ante LFG now has a absolute of 3989798 bitcoin account 17 billion
Luna Foundation Gaurd Obtains $176 Million in Bitcoin for the UST Decentralized Forex Reserve
Two canicule ago, the Luna Foundation Gaurd (LFG) announced a affiliation with the Barrage Foundation and appear it would be purchasing $100 actor account of barrage (AVAX) in an over-the-counter (OTC) exchange. The $100 actor in AVAX is meant to alter the affluence captivated for the project’s UST Decentralized Forex Reserve. Terrausd or UST is Terra’s (LUNA) algebraic stablecoin and LFG has additionally been abetment the forex assets with bitcoin (BTC).
Four canicule ago, on April 6, LFG acquired 5,040 bitcoin (BTC) which pushed the backing up to 35,767.98 bitcoin. Today, on April 10, LFG acquired accession ample bulk of BTC as it deposited 4,130 bitcoin account $176.1 actor into LFG’s bitcoin wallet. The aboriginal transaction was 1,482 BTC, the additional was 492 BTC, the third alteration was 1,174.99 BTC, and the final transaction beatific to the LFG wallet was 981 BTC. In accession to the ample bitcoin deposits stemming from Terra’s purchases, the abode receives a countless of BTC dust transfers on a circadian basis.
LFG Now Holds $1.7 Billion in Bitcoin Reserves
Before the LFG bitcoin wallet saw those deposits, the Singapore non-profits Gnosis safe address withdrew 183,515,000 binding (USDT) from the address. According to onchain metrics, the LFG ethereum abode alone has 164.17 actor tethers left. However, the abode does authority a ample sum of usd bread (USDC) as it currently has 398.95 actor USDC on April 10. This agency the Terra (LUNA) activity has 563.12 actor stablecoins on hand.
After depositing 4,130 bitcoin, the LFG bitcoin wallet now holds 39,897.98 bitcoin account $1.7 billion, application today’s BTC barter rates. The wallet has apparent a absolute of 66 affairs or deposits and the wallet has not beatific out any bitcoin back it was created. The aboriginal antithesis change occurred two months ago, according to Blockchair’s blockchain charlatan statistics.
What do you anticipate about the Luna Foundation’s backing of bitcoins? Let us apperceive what you anticipate about this accountable in the comments area below.
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