Luna foundation guard buys bitcoin

luna foundation guard buys bitcoin

0.00033071338653 btc to usd

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The Truth Behind Terra Buying Billons of Dollar in Bitcoin via the LUNA Foundation Guard LFG
�The Luna Guard Foundation has acquired $ billion in bitcoin to bolster the reserves of its most popular stablecoin, known as U.S. Terra.�. The Luna Foundation Guard (LFG) has acquired 37, Bitcoins as it continues to move towards its target of $10 billion of stablecoin. Terraform Labs founder and chief executive Do Kwon said on Wednesday he had purchased $ million worth of bitcoin through the Luna Foundation.
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    calendar_month 25.12.2021
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The purchase was made to add to Terraform Labs' reserves through its non-profit organization Luna Foundation Group as part of the backing for its terraUSD stablecoin. By participating in this transaction with the Luna Foundation Guard, the company is building its reserves in luna and UST and using them to interact with their borrowing counterparties, who may be looking to get access to the crypto ecosystem in a risk-neutral way. Check out: Personal Finance Insider's picks for best cryptocurrency exchanges.