Luna Foundation Guard Adds $100 Million BTC to UST Reserves

2 years ago

The Luna Foundation Guard (LFG), the entity that acts arsenic a resoluteness protocol for the algorithmic stablecoin UST, has added different $100 cardinal successful bitcoin (BTC) to its wallet.

  • LFG’s wallet present contains $1.7 cardinal successful BTC, $549.84 cardinal successful different USD-denominated stablecoins, and $14.74 cardinal successful Terra, according to a dashboard it runs.

  • In full determination are 42,410 bitcoin successful its wallet.

  • This makes the LFG wallet the 19th largest successful full holdings.

  • Should Luna conscionable its extremity of purchasing $10 cardinal successful bitcoin, it volition person the second-largest bitcoin wallet down Binance’s acold wallet.

  • Bitcoin’s price remains stable midway done the Asia trading day, astatine $40,115, up 0.2%.

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