LFG is a non-profit organisation dedicated to guiding the growth of the Terra network and its ecosystem. The foundation’s most recent bitcoin acquisition was made up of two over-the-counter transactions, the first of which was a $1 billion OTC swap with crypto prime broker Genesis for $1 billion in UST, and the second was a $500 million bitcoin purchase from Three Arrows Capital.
LGF isn’t the only company acquiring huge amounts of Bitcoin.