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

Sam Reynolds
Actualización: ·1 min de lectura

Don't miss CoinDesk's Consensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12.

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%.

Read more: Tracking Luna Foundation Guard’s Bitcoin Purchases