Kwon admitted that a crash in the price of BTC could harm the stability of UST.
Kwon noted that although Bitcoin may have short-term volatility, he is banking on the long-term gains of the cryptocurrency.
Following the acquisition of Bitcoins, Terra has now become the third-highest single-wallet BTC holder behind Tesla with $1.5 billion, and Micro Strategy with $5 billion worth of BRC.
According to Kwon, one of the goals for the treasury is to ensure that it becomes the largest single-wallet holder of BTC.