Terra’s UST Reserves Dip To One-Month Low, Here’s Why
Terra’s stablecoin reserves fell to a one-month low this week, reflecting the recent slump in the crypto market. The reserves which are maintained by the Luna Foundation Guard (LFG) have a high concentration of Bitcoin. According to data from the LFG, the reserve’s total value is now $2.4 billion. It had dropped to a one-month […]
Terra’s Additional 2508 Bitcoin Purchase Fails To Boost Prices, Here’s Why
Terra’s community The Luna Foundation Guard (LFG) added 2508 bitcoins worth over $100 million in its Bitcoin treasury on Wednesday. The LFG now has 42,406.92 BTC in its wallet address as a result of the current purchase. However, despite purchasing Bitcoin for $250 million this week, it has been unable to boost the BTC price […]
Luna Foundation Guard to Purchase Bitcoin Worth Billions
Luna Foundation Guard (LFG), a nonprofit organization might purchase $10 billion or more worth of bitcoin as a reserve for terraUSD (UST) stablecoin. The Luna Foundation Guard (LFG) recently announced that it may purchase $10 billion or more in bitcoin (BTC) to function as a reserve for the terraUSD (UST) stablecoin. While the intricacies of how […]
Terra purchases additional $135 million worth of Bitcoin, LUNA prices surpasses $100
Bitcoin and the broader cryptocurrency market have rebounded strongly at the start of this new week, as long-term investors continue to make significant gains in their investments. Terra, on the other hand, has maintained its significant Bitcoin holdings as part of its strategy to back the UST stablecoin. In a transaction on Monday, March 28, […]
LUNA Foundation Now Owns Over $1.3 Billion Worth Of Bitcoin
Terra Foundation has added another 2,830 Bitcoin (approximately $133.5) to its wallet in a bid to accumulate $10 billion worth of Bitcoin (BTC). OKLink has identified the foundation’s BTC wallet address, according to WU Blockchain , which now holds approximately $1.3 billion in Bitcoin. The entire amount in the account is now 27,784.96 BTC. The […]