During the recently, the cryptocurrency neighborhood has actually been talking about the bitcoin purchases made by Luna Foundation Guard (LFG), as onchain information reveals LFG’s bitcoin wallet presently holds 24,954.95 bitcoin worth $1.1 billion. LFG’s Gnosis safe address reveals over the last 4 days, there’s been 660.6 million tethers sent of the structure’s wallet.
Do Kwon Confirms Bitcoin Wallet Belongs to LFG
On March 26, 2022, the Luna Foundation Guard’ s bitcoin wallet holds 24,954.95 BTC worth $1.1 billion. During the last 4 days, the address has actually built up an enormous variety of bitcoin after Terra’s creator Do Kwon just recently hinted at the blockchain job leveraging bitcoin-linked tokenomics. After somebody asked Terra’s creator why the job chose to select bitcoin ( BTC) for a reserve property, Do Kwon responded:
Bitcoin is the just difficult reserve property that’s been shown out of the digital currencies … It is really challenging for someone in crypto to question bitcoin.
After the declaration, the neighborhood discovered motion coming from a Gnosis safe address that is apparently owned by the LFG. Additionally, the news publication Bitcoin Magazine tweeted about the LFG’s bitcoin address and stated the structure validated the address and purchases “to back its UST stablecoin.” Following the declaration, on March 25, the news publication even more confirmed the tweet in an short article that stated: “Terraform Labs founder Do Kwon on Wednesday confirmed via email that the address indeed belongs to LFG.”
3AC Co-Founder Says ‘Buying $125 Million a Day of Bitcoin for Three Months Is a Lot’
Since then, the LFG bitcoin address continues to build up BTC as the last deal reveals it acquired 493 BTC on March 26 at 5:18 a.m. (UTC). It holds 24,954.95 bitcoin worth $1.1 billion and the address has actually never ever sent out a single satoshi out of the wallet. The Gnosis safe address has actually sent out 4 USDT deals worth around $125 million and the last tether send out was for 160,750,000 USDT