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.
There’s no denying the launch of Spot Bitcoin ETFs has done wonders for the price…
The price of Bitcoin took a nose dive on Saturday following reports of Iran launching…
Bitcoin and the broader cryptocurrency market fell nearly 10% on Saturday.Read MoreCoinDesk: Bitcoin, Ethereum, Crypto…
As the countdown to the much-anticipated 2024 bitcoin halving event nears its climax, the cryptocurrency…
The following is an essay originally published on Unchained.com by Dhruv Bansal, CSO and Co-founder…
The bullish momentum of the Bitcoin price has dwindled over the past few weeks, putting…