The Luna Foundation Guard (LFG) has surpassed Tesla as the second-largest corporate Bitcoin holder.
The non-profit behind UST, the world’s largest decentralized stablecoin, just purchased another $1.5 billion in Bitcoin through an over-the-counter trade with full-service digital currency primary broker Genesis and crypto trading and venture capital firm Three Arrows Capital.
The LFG now has 80,393 coins worth $2.9 billion in its possession.
Terra began buying Bitcoin in late February to secure the stability of the TerraUSD (UST) token, which is supposedly pegged to the US dollar.
According to Terra’s Do Kwon, the non-Bitcoin profit’s holdings will eventually surpass $10 billion, making it the largest single-wallet holder of the flagship cryptocurrency. The most recent mission is to increase UST adoption.
MicroStrategy, a business analytics firm, is currently the largest corporate Bitcoin holder, with 129,218 coins worth $3.9 billion.
Terra began buying Bitcoin in late February to secure the stability of the TerraUSD (UST) token. Of course, which is supposedly pegged to the US dollar.
According to Terra’s Do Kwon, the non-Bitcoin profit’s holdings will eventually surpass $10 billion. Thereby, making it the largest single-wallet holder of the flagship cryptocurrency. Lastly, The most recent mission is to increase UST adoption.
MicroStrategy, a business analytics firm, is currently the largest corporate Bitcoin holder, with 129,218 coins worth $3.9 billion.
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