The Luna Foundation Guard purchased an additional 123.89 bitcoin on Friday worth close to $5 million at the time of settlement.
Ever since Terraform Labs founder Do Kwon said the Terra project would purchase $3 billion worth of bitcoin for Terra’s decentralized UST forex reserves, LFG has been acquiring quite a bit of BTC.
On Friday, the non-profit organization LFG acquired a much smaller quantity of bitcoin as it deposited 123.89917 BTC worth close to $5 million at 1:55 a.m.
The purchase of 123.89 BTC follows the creation of the Terraform Labs Global Founder Fellowship.
Terra’s stablecoin UST was also listed on Binance US on April 13, and UST’s market capitalization on April 15 is only $200 million away from surpassing the stablecoin BUSD’s market valuation.
LFG’s Gnosis safe address has seen a lot of action in recent times as well.
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.