Terra bought another 2,943 Bitcoins for the UST reserve.
Luna Foundation Guard (LFG), which recently announced its plan to create a Bitcoin reserve for the Terra network’s stablecoin UST, has purchased another 2,943 Bitcoins for approximately $139 million. LFG’s Bitcoin address currently shows that the total BTC purchased is over 30,000.
Source: OKLink As previously reported, Terraform Labs CEO Do Kwon stated that the foundation managed to raise $2.2 billion to buy Bitcoin, and the short-term target is $3 billion; He said that the long-term goal is to collect 10 billion dollars. Kwon also added that he wants the company to become the second largest Bitcoin owner outside of Satoshi Nakamoto.
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