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5 de may. de 20,863 BTC purchase was made possible through over-the-counter swapping with the Genesis Trading broker and additional purchases from Three Arrows The Luna Foundation Guard bought another 37,863 BTC to boost reserves of Terra's UST stablecoin. The acquisition was helped by hedge fund Three Arrows Capital The LFG’s drive to attain $10 billion of bitcoin for its stablecoin reserves has seen it purchase an additional 37,863 bitcoins, worth approximately $1.5 billion. The Luna Foundation Guard purchased another 37,863 ($1.5 billion) Bitcoin reserves to support its TerraUSD (UST). Read CNL. Luna Foundation Guard (LFG), a Singapore-based nonprofit tied to the Terra Luna ecosystem, has raised another $1.5 billion to further expand its already hefty Bitcoin Backer of Terra's UST stablecoin, the LUNA Foundation Guard (LFG), has announced that it acquired an additional $1.5 billion worth of Bitcoin to boost its reserve

Terra Adds $1.5 Billion in Bitcoin: LFG Boosts UST Reserves with 37,863 BTC Purchase

The Luna Foundation Guard (LFG), the non-profit organization tied to the Terra Luna ecosystem and based in Singapore, continues its aggressive Bitcoin acquisition strategy. In a recent move to bolster reserves for its TerraUSD (UST) stablecoin, the LFG has purchased an additional 37,863 Bitcoin, valued at approximately $1.5 billion.

This significant 37,863 BTC purchase underscores the LFG’s commitment to backing UST with a substantial Bitcoin reserve. The ongoing drive to attain $10 billion worth of Bitcoin for its stablecoin reserves is a key component of Terra's strategy.

Sources confirm that the 37,863 BTC purchase was made possible through over-the-counter (OTC) swapping with the Genesis Trading broker and additional purchases from Three Arrows Capital. This strategic approach allows for efficient and large-scale Bitcoin acquisition.

The LFG’s acquisition of another 37,863 ($1.5 billion) Bitcoin reserves is directly intended to support its TerraUSD (UST). This move aims to provide greater stability and confidence in the UST stablecoin.

The Luna Foundation Guard bought another 37,863 BTC to boost reserves of Terra's UST stablecoin. The acquisition was further aided by the involvement of hedge fund Three Arrows Capital.

This latest 37863 Bitcoin investment reinforces Terra's position in the cryptocurrency market. Stay tuned for further updates on Terra's Bitcoin reserves and its impact on the UST stablecoin.

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