Luna Foundation Buys 2,508 Bitcoin for $100 Million, Stash Is Only 495 BTC Away From Tesla’s Balance

On April 13, Terra’s Luna Foundation Guard (LFG) acquired 2,508.94 bitcoin worthy adjacent to $100 cardinal astatine the clip of settlement. The acquisition follows the 4,130 bitcoin LFG scooped up 3 days ago, and LFG’s wallet is present conscionable implicit 495 bitcoin distant from surpassing Tesla’s bitcoin treasury stash.

Luna Foundation Adds More Bitcoin to UST Reserve Wallet

LFG purchased different batch of bitcoin connected Wednesday, adding to the non-profit’s bitcoin reserves meant to support the Terra network’s stablecoin, UST. On April 13, 2022, astatine 1:55 a.m. (UST), the LFG bitcoin wallet scooped up different 2,508.94 bitcoin aft acquiring 4,130 BTC 3 days ago. The acquisition of 2,508.94 BTC was worthy $99,914,270 utilizing bitcoin speech rates astatine the clip of settlement.

LFG Bitcoin wallet connected April 13, 2022, astatine 10:30 a.m. (EST).

After obtaining 2,508.94 BTC, the LFG bitcoin wallet present holds 42,406.92 BTC worthy an estimated $1.79 billion. LFG’s wallet has seen a full of 68 transactions but has ne'er sent a azygous satoshi retired of the wallet. A myriad of particulate transactions has been sent to the LFG wallet connected a regular basis.

Currently, according to the bitcoin affluent list, the LFG wallet is the 18th largest bitcoin wallet today. A large information of the wallets supra the LFG wallet successful the bitcoin affluent database are ample cryptocurrency speech acold wallets. For instance, the 15th largest bitcoin wallet contiguous is an Okex speech acold wallet with 45,820 BTC.

LFG Bitcoin Wallet Nears Tesla’s Treasury Stash, Terra’s Wallet Still Below Microstrategy’s and Block.one’s Cache of Bitcoins

The Luna Foundation Guard’s bitcoin wallet is getting awfully adjacent to surpassing Tesla’s stash of 42,902 BTC. In fact, successful bid to leap supra the electrical car maker’s bitcoin treasury, LFG needs much than 495.08 BTC. If LFG’s wallet were to surpass the Tesla wallet, the LFG bitcoin reserve code would lone beryllium beneath Microstrategy’s cache of 125,051 BTC successful presumption of nationalist companies.

In presumption of backstage companies with bitcoin treasuries, LFG’s wallet is beneath Block.one’s stash of 140,000 bitcoin. Block.one is simply a blockchain bundle institution that’s dedicated to the EOS network. Another backstage steadfast dedicated to a crypto ecosystem with a bitcoin treasury too Terra and EOS, is the Tezos Foundation, which is focused connected the Tezos network. The Tezos Foundation holds 17,500 bitcoin, according to bi-annual filings.

While LFG is hoarding bitcoin to leverage for reserves to support the stablecoin UST, the enactment besides announced past week that it would diversify the UST forex reserves with avalanche (AVAX) tokens. LFG partnered with the Avalanche Foundation and explained it would acquisition $100 cardinal AVAX via an over-the-counter (OTC) transaction. After LFG’s caller purchase, the terms of bitcoin (BTC) jumped implicit 2% astatine 10:30 a.m. (EST) connected Wednesday, to a precocious of $40,966 per unit connected Bitstamp.

What bash you deliberation astir the Luna Foundation’s increasing stash of bitcoins? Let america cognize what you deliberation astir this taxable successful the comments conception below.

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