Luna Foundation Guard Adds $100M in BTC to UST Reserves
LFG's balance now sits at $2.26 billion, 75% of which is bitcoin.
Apr 13, 2022 at 9:18 a.m. UTC:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/DQZJX2YNKNEUPKCTUGDBFRORQM.png)
Terraform Labs CEO Do Kwon on CoinDesk TV in December.
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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%.
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