Share this article
Luna Foundation Guard Adds $100M in BTC to UST Reserves
LFG's balance now sits at $2.26 billion, 75% of which is bitcoin.
By Sam Reynolds
Updated May 11, 2023, 4:43 p.m. Published Apr 13, 2022, 9:18 a.m.
Make us preferred on Google
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 to its wallet.
. @LFG_org bought an additional $100M worth of BTC for $UST fx reserves
— Do Kwon 🌕 (@stablekwon) April 13, 2022
Current balance avail here: https://t.co/UNmWPOq7Vh
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- 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
