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	<title>Weekend Buying &#8211; Crypto Market Insights: Dive In with CryptoUpdate.io</title>
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	<lastBuildDate>Mon, 11 Apr 2022 12:33:34 +0000</lastBuildDate>
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		<title>Treasury of Luna Foundation Holds 40,000 Bitcoin After Weekend Buying</title>
		<link>https://cryptoupdate.io/2022/04/11/treasury-of-luna-foundation-holds-40000-bitcoin-after-weekend-buying/</link>
					<comments>https://cryptoupdate.io/2022/04/11/treasury-of-luna-foundation-holds-40000-bitcoin-after-weekend-buying/#respond</comments>
		
		<dc:creator><![CDATA[Chavy S.]]></dc:creator>
		<pubDate>Mon, 11 Apr 2022 12:33:31 +0000</pubDate>
				<category><![CDATA[Cryptocurrency News]]></category>
		<category><![CDATA[Luna Foundation]]></category>
		<category><![CDATA[TerraUSD]]></category>
		<category><![CDATA[Weekend Buying]]></category>
		<guid isPermaLink="false">https://cryptoupdate.io/?p=4377</guid>

					<description><![CDATA[<p>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 [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://cryptoupdate.io/2022/04/11/treasury-of-luna-foundation-holds-40000-bitcoin-after-weekend-buying/">Treasury of Luna Foundation Holds 40,000 Bitcoin After Weekend Buying</a> appeared first on <a rel="nofollow" href="https://cryptoupdate.io">Crypto Market Insights: Dive In with CryptoUpdate.io</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>The guard of Luna Foundation bought about $173 million worth of the <a class="lar-automated-link" href="https://accounts.binance.com/register?ref=42224911" rel="nofollow noopener" target="_blank" 4536><a class="lar-automated-link" href="https://accounts.binance.com/register?ref=42224911" rel="nofollow noopener" target="_blank" 4536>bitcoin</a></a> in the weekend. However, the price of <a class="lar-automated-link" href="https://accounts.binance.com/register?ref=42224911" rel="nofollow noopener" target="_blank" 4536><a class="lar-automated-link" href="https://accounts.binance.com/register?ref=42224911" rel="nofollow noopener" target="_blank" 4536>bitcoin</a></a> 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 <a class="lar-automated-link" href="https://accounts.binance.com/register?ref=42224911" rel="nofollow noopener" target="_blank" 4536><a class="lar-automated-link" href="https://accounts.binance.com/register?ref=42224911" rel="nofollow noopener" target="_blank" 4536>bitcoin</a></a> to the wallet in the last weekend through the series of purcahses.</p>



<h2 class="wp-block-heading" id="h-bitcoin-in-the-wallets-of-lfg"><a class="lar-automated-link" href="https://accounts.binance.com/register?ref=42224911" rel="nofollow noopener" target="_blank" 4536><a class="lar-automated-link" href="https://accounts.binance.com/register?ref=42224911" rel="nofollow noopener" target="_blank" 4536>Bitcoin</a></a> in the wallets of LFG</h2>



<p>LFG has now 39,897.98 of <a class="lar-automated-link" href="https://accounts.binance.com/register?ref=42224911" rel="nofollow noopener" target="_blank" 4536><a class="lar-automated-link" href="https://accounts.binance.com/register?ref=42224911" rel="nofollow noopener" target="_blank" 4536>bitcoin</a></a> in their wallet, which is worth about $1.67 billion.</p>



<p>In last week, LFG has also made the series of the digital asset purchase. It purchased about $230 million of the <a class="lar-automated-link" href="https://accounts.binance.com/register?ref=42224911" rel="nofollow noopener" target="_blank" 4536><a class="lar-automated-link" href="https://accounts.binance.com/register?ref=42224911" rel="nofollow noopener" target="_blank" 4536>bitcoin</a></a> on April 6 as well as $200 million in the AVAX on April 8.</p>



<p>Here, founder of Terra, Do Kwon says that the foundation of LFG plans to attain $10 billion in the <a class="lar-automated-link" href="https://accounts.binance.com/register?ref=42224911" rel="nofollow noopener" target="_blank" 4536><a class="lar-automated-link" href="https://accounts.binance.com/register?ref=42224911" rel="nofollow noopener" target="_blank" 4536>bitcoin</a></a> that open the latest monetary era of <a class="lar-automated-link" href="https://accounts.binance.com/register?ref=42224911" rel="nofollow noopener" target="_blank" 4536>crypto</a> 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 <a class="lar-automated-link" href="https://accounts.binance.com/register?ref=42224911" rel="nofollow noopener" target="_blank" 4536>BTC</a>, that is worth few $1.675 billion.</p>



<p>The pool of Luna&rsquo;s LFG has added next batch of <a class="lar-automated-link" href="https://accounts.binance.com/register?ref=42224911" rel="nofollow noopener" target="_blank" 4536><a class="lar-automated-link" href="https://accounts.binance.com/register?ref=42224911" rel="nofollow noopener" target="_blank" 4536>Bitcoin</a></a> for the stash &ndash; more than 4,000 <a class="lar-automated-link" href="https://accounts.binance.com/register?ref=42224911" rel="nofollow noopener" target="_blank" 4536>BTC</a>. Hence, to be much precise, it is worth of $176 million. The buying was also made with the average price of almost $42,590.</p>



<p>By such calculation, total <a href="https://news.bitcoin.com/microstrategy-spends-200-million-more-on-bitcoin-raising-total-holdings-to-129218-btc/" rel="nofollow noopener" target="_blank">BTC holdings</a> of Terra has recently stand at 39,897 as well as these are also worth $1,675 billion. As reported, Terra started purchase of <a class="lar-automated-link" href="https://accounts.binance.com/register?ref=42224911" rel="nofollow noopener" target="_blank" 4536><a class="lar-automated-link" href="https://accounts.binance.com/register?ref=42224911" rel="nofollow noopener" target="_blank" 4536>bitcoin</a></a> back in march since the parts are enhancing the reserves for the algorithmic stable coin.</p>



<p>The company creating or developing Terra protocol & the <a href="https://cryptoupdate.io/2021/12/21/we-will-support-ecosystem-of-crypto-cuy-sheffield/">ecosystem</a>. It was revealed back that they usually intend to purchase <a class="lar-automated-link" href="https://accounts.binance.com/register?ref=42224911" rel="nofollow noopener" target="_blank" 4536><a class="lar-automated-link" href="https://accounts.binance.com/register?ref=42224911" rel="nofollow noopener" target="_blank" 4536>bitcoin</a></a> which is worth of amount $10 billion.</p>

<p>The post <a rel="nofollow" href="https://cryptoupdate.io/2022/04/11/treasury-of-luna-foundation-holds-40000-bitcoin-after-weekend-buying/">Treasury of Luna Foundation Holds 40,000 Bitcoin After Weekend Buying</a> appeared first on <a rel="nofollow" href="https://cryptoupdate.io">Crypto Market Insights: Dive In with CryptoUpdate.io</a>.</p>
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