Luna’s BTC reserves reach 27,785 BTC, and they are far from done acquiring bitcoin

Luna Foundation Guard has now built BTC reserves of 27,785 BTC after adding 18,221 BTC over the last week.
Source: Blockchair

The Luna Foundation Guard (LFG) has launched its BTC reserves to enhance the robustness of UST.

LFG initially announced a raise of $1bn in February and has since last Monday begun accumulating bitcoin with funds raised from burning Luna to mint UST. Initially, LFG seeks to spend $3bn on building its BTC reserves. The confirmed BTC address held 9,564 BTC from late January before starting to acquire more BTC last week. The announced raise likely occurred in late January, being raised in part in BTC and in part in USDC.

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