why is luna buying btc - Samuelpaganoto.com

Last Updated on July 1, 2023 by Paganoto

Luna Foundation Guard further bolsters stablecoin reserve by …

The Luna Foundation Guard has acquired $1.5 billion in bitcoin to bolster the reserves of its most popular stablecoin, known as U.S. Terra. Stablecoins are cryptocurrencies that aim to peg their market value to a more stable asset.May 5, 2022

After Buying $500 Million Of Bitcoin, What Will Luna Do With It?

Luna has purchased more than 11,700 bitcoin, worth about $520 million, to build a reserve for its stablecoin UST. But what does that mean …

LUNA Set to Buy $10 Billion of Bitcoin | The Motley Fool

Founder of Terraform Labs, Do Kwon, tweeted out that the end goal is for a reserve of $10 billion worth of Bitcoin. They currently hold around …

Terra (LUNA) Backer Continues Bitcoin-Buying Spree …

Public blockchain Terra (LUNA) is resuming its Bitcoin (BTC) shopping frenzy even as the cryptocurrency markets experience a roller coaster …

How a Trash-Talking Crypto Founder Caused a $40 Billion …

Earlier this year, a nonprofit that Mr. Kwon also runs sold $1 billion of Luna to investors, using the proceeds to buy a stockpile of Bitcoin — …

Terra Buys 5,000 Bitcoin As Its Reserves Reach $1.6 Billion

Terraform Labs founder and chief executive Do Kwon said on Wednesday he had purchased $230 million worth of bitcoin through the Luna Foundation …

Bitcoin Holds Steady as Luna Foundation Guard … – CoinDesk

The organization, which splurged on the cryptocurrency last week, resumed buying BTC on Wednesday after a one-day hiatus, according to one …

Terra (LUNA) Will Buy $10 Billion Worth Of Bitcoin. Here's Why

In a tweet, Kwon announced that the network was buying bitcoin for its reserves. These reserves back up its stablecoin UST which is used for …

Luna Foundation Guard buys additional $1.5 billion in bitcoin …

The Luna Foundation Guard (LFG), a nonprofit created to support the Terra ecosystem, announced the purchase of $1.5 billion worth of bitcoin (BTC) for its …

Luna Foundation Guard buys a further $231 million of bitcoin

The Luna Foundation Guard (LFG) has bought another $230 million worth of bitcoin today, according to activity on LFG-owned crypto wallets. To buy the sum of …

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