Is the Luna Foundation Guard (LFG) sneaking towards another massive Bitcoin buy? Speculation is rife following previous aggressive acquisitions aimed at bolstering reserves for Terra’s UST stablecoin. Remember when The Luna Foundation Guard (LFG) just made its biggest Bitcoin purchase yet: 37,863 coins, worth $1.5 billion at the time of writing. That nearly doubles the Guard’s previous reserves? The crypto world is watching closely for any signs of a repeat performance.
The previous acquisition, facilitated with help from hedge fund Three Arrows Capital, significantly impacted the market. The Luna Foundation Guard (LFG) has bought another $1.5 billion in bitcoin to boost reserves of Terra’s UST stablecoin, with help from hedge fund Three Arrows Capital, setting a precedent for substantial future buys. The question isn't *if* they'll buy more, but *when* and *how much*.
Recent activity has further fueled these rumors. Blockchain data tracker Etherscan showed that the Luna Foundation Guard Reserve Wallet bought $125 Million worth of funds in USDC from anonymous addresses less... something. What could that 'less' signify? Are they accumulating capital for another significant Bitcoin purchase?
And let's not forget the ambitious initial plan. It was recently announced that the Luna Foundation Guard (LFG), a nonprofit organization focused on the Terra blockchain protocol, might purchase $10 billion or... even more in Bitcoin. Are they still on track to reach that goal?
The Luna Foundation Guard (LFG) just made its biggest Bitcoin purchase yet: 37,863 coins, worth $1.5 billion. That nearly doubles the Guard’s holdings, propelling them to a major player in the Bitcoin space. That nearly doubles the Guard’s previous reserves from 42,530.82 BTC up to... a significantly larger amount. Will they continue this rapid accumulation strategy? Stay tuned for updates as we monitor LFG's wallet and any further Bitcoin-related announcements.