According to a report published on Thursday, the Luna Foundation Guard explained that it acquired 37,863 bitcoin worth more than $1.4 billion through two over-the-counter deals.
While 42,530.828 BTC can be seen on the blockchain via LFG’s public address, the 37,863 bitcoin purchased were acquired via two over-the-counter deals.
“It’s making a strong directional bet that keeping a lot of those foreign reserves in the form of a digital native currency is going to be a winning recipe,” the Terraform Labs founder added.
LFG’s current bitcoin wallet now holds more than Tesla’s bitcoin reserves, which is approximately 42,902 bitcoin, according to U.S.
Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Fidelity Investments, one of the largest financial services firms with more than $11 trillion under administration, is launching exchange-traded funds focusing on the crypto ecosystem and the metaverse.