The guard of Luna Foundation bought about $173 million worth of the bitcoin in the weekend. However, the price of bitcoin was down 2%. On the other hand, LFG also known as Luna Foundation Guard, is a treasury which backs TerraUSD and algorithmic stablecoin. It also added $173 million in the bitcoin to the wallet in the last weekend through the series of purcahses.
Bitcoin in the wallets of LFG
LFG has now 39,897.98 of bitcoin in their wallet, which is worth about $1.67 billion.
In last week, LFG has also made the series of the digital asset purchase. It purchased about $230 million of the bitcoin on April 6 as well as $200 million in the AVAX on April 8.
Here, founder of Terra, Do Kwon says that the foundation of LFG plans to attain $10 billion in the bitcoin that open the latest monetary era of crypto standard. The price does not seem to move on news, as this is approximately down by 2% in previous 24 hours. Also, Luna Foundation Guard with pool that has bought again. This pool recently holds 40,000 BTC, that is worth few $1.675 billion.
The pool of Luna’s LFG has added next batch of Bitcoin for the stash – more than 4,000 BTC. Hence, to be much precise, it is worth of $176 million. The buying was also made with the average price of almost $42,590.
By such calculation, total BTC holdings of Terra has recently stand at 39,897 as well as these are also worth $1,675 billion. As reported, Terra started purchase of bitcoin back in march since the parts are enhancing the reserves for the algorithmic stable coin.
The company creating or developing Terra protocol & the ecosystem. It was revealed back that they usually intend to purchase bitcoin which is worth of amount $10 billion.
