Categories: Bitcoin Latest News

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%.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

AddThis Website Tools

Recent Posts

Bitcoin Hits New Heights: Analyst Predicts Next Peak By Late 2025

As Bitcoin (BTC) continues to capture investor enthusiasm, recently reaching a new all-time high of…

2 hours ago

Crypto Daybook Americas: Bitcoin Dominance Tops 64% While Options Indicate Bullish Tilt

By James Van Straten (All times ET unless indicated otherwise) Since May 22, bitcoin (BTC)…

3 hours ago

GameStop Purchases Over $500M Worth of Bitcoin

Video game retailer GameStop (GME) has purchased 4,710 bitcoin, worth nearly $513 million at the…

3 hours ago

Ether Favored Over Bitcoin by Big Money, Here Are 3 Clues That Point to ETH Bias in Crypto Market

The futures and options market, a proxy for big money, is increasingly backing ether ETH…

3 hours ago

Bitcoin Could Explode On Bessent’s $250 Billion Deregulation Shock

US Treasury Secretary Scott Bessent has signalled that the long-debated overhaul of banks’ supplementary leverage…

3 hours ago

GameStop Buys $513 Million Worth of Bitcoin

Bitcoin Magazine GameStop Buys $513 Million Worth of Bitcoin Video game retailer GameStop has purchased…

3 hours ago