On April 13, Terra’s Luna Foundation Guard acquired 2,508.94 bitcoin worth close to $100 million at the time of settlement.
LFG purchased another batch of bitcoin on Wednesday, adding to the non-profit’s bitcoin reserves meant to protect the Terra network’s stablecoin, UST.
LFG’s wallet has seen a total of 68 transactions but has never sent a single satoshi out of the wallet.
A great portion of the wallets above the LFG wallet in the bitcoin rich list are large cryptocurrency exchange cold wallets.
If LFG’s wallet were to surpass the Tesla wallet, the LFG bitcoin reserve address would only be below Microstrategy’s cache of 125,051 BTC in terms of public companies.
Another private firm dedicated to a crypto ecosystem with a bitcoin treasury besides Terra and EOS, is the Tezos Foundation, which is focused on the Tezos network.
Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
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On March 29, Polygon, the layer two scaling solution that runs parallel with the Ethereum blockchain, has announced a new identity platform called Polygon ID.
With the max supply set at 21 million, there’s only two million bitcoins left to be found by mining participants.