Luna Foundation Guard Holds Almost 40,000 BTC After Weekend Purchase

Luna Foundation Guard bought $173 million worth of bitcoin over the weekend, but bitcoin is down 2%.

AccessTimeIconApr 11, 2022 at 4:03 a.m. UTC
Updated May 11, 2023 at 5:23 p.m. UTC

The Luna Foundation Guard (LFG), a Singaporean entity that is establishing a reserve protocol for the algorithmic stablecoin UST, added $173 million in bitcoin (BTC) to its wallet over the weekend via a series of buys.

  • LFG now has 39,897.98 bitcoin in its wallet, worth approximately $1.67 billion.
  • During the past week, the LFG has made a series of digital asset buys: It purchased $230 million of bitcoin on April 6 and $200 million in AVAX on April 8.
  • Terra’s founder Do Kwon has previously said that the foundation plans to acquire $10 billion in bitcoin to “open a new monetary era of the bitcoin standard.”
  • The price of bitcoin didn’t seem to move on the news, as it's down approximately 2% in the last 24 hours to $42,037 according to CoinDesk market data.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.