Luna Foundation Guard Adds $100M in BTC to UST Reserves

LFG’s balance now sits at $2.26 billion, 75% of which is bitcoin.Read MoreFeedzy

The Luna Foundation Guard (LFG), the entity that acts as a resolve protocol for the algorithmic stablecoin UST, has added another $100 million in bitcoin (BTC) to its wallet.

LFG’s wallet now contains $1.7 billion in BTC, $549.84 million in other USD-denominated stablecoins, and $14.74 million in Terra, according to a dashboard it runs.

In total there is 42,410 BTC in its wallet.

This makes the LFG wallet the 19th largest in total holdings.

Should Luna meet its goal of purchasing $10 billion in bitcoin, it will have the second-largest bitcoin wallet behind Binance’s cold wallet.

Bitcoin’s price remains stable midway through the Asia trading day, at $40,115, up 0.2%.


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