Luna Foundation Guard buys another $1.5 billion in Bitcoin to back Terra stablecoin
The Luna Foundation Guard (LFG) just made its biggest Bitcoin purchase yet: 37,863 coins, worth $1.5 billion.
That nearly doubles the Guard’s previous reserves from 42,530.82 BTC up to 80,394 BTC. This purchase brings Terra’s total reserves to more than $3 billion, the bulk of that in Bitcoin. It holds smaller shares of LUNA, AVAX, and USDT and USDC stablecoins.