Luna Foundation Guard Adds $100M in BTC to UST Reserves

LFG's balance now sits at $2.26 billion, 75% of which is bitcoin.

AccessTimeIconApr 13, 2022 at 9:18 a.m. UTC
Updated May 11, 2023 at 4:43 p.m. UTC

The Luna Foundation Guard (LFG), the entity that acts as a resolve protocol for the algorithmic stablecoin UST, has added another $100 million in bitcoin (BTC) to its wallet.

  • LFG’s wallet now contains $1.7 billion in BTC, $549.84 million in other USD-denominated stablecoins and $14.74 million in Terra, according to a dashboard it runs.
  • In total, there is 42,410 BTC in LFG's wallet, making its wallet the 19th largest in total bitcoin holdings.
  • Should Luna meet its goal of purchasing $10 billion in bitcoin, it would have the second-largest bitcoin wallet behind Binance’s cold wallet.
  • Bitcoin’s price remains stable midway through the Asia trading day, at $40,115, up 0.2%.

DISCLOSURE

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 consensus.coindesk.com to register and buy your pass now.