This is the fruit of a pledge that the project had made to buy more than $10 billion worth of BTC to serve as a reserve for its stablecoin, UST.
Before Terra had begun its bitcoin buying spree, there have been other corporate bodies that had already made the plunge to do so.
With its most recent buy, Terra has now become the second-largest corporate bitcoin holder, beating out Tesla for the title.
Its first purchase had taken place in February, and now, barely three months later, the non-profit foundation now holds 80,393 total BTC.
When Do Kwon, founder of Terra, had announced that the foundation was planning to buy $10 billion worth of BTC for its treasury, the question had been when.
It had purchased a total of $200 million worth of AVAX, a trade that was carried out directly with the Avalanche Foundation.
LUNA makes up the second-largest portion with $126.63 million making up 4.2%, AVAX at 3.5%, USDT AT 0.8%, and USDC at 0.7%.
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