Bitcoin Reserve wallet Luna Foundation now holds $ 1.1 billion in BTC – Bitcoin News

Bitcoin Reserve wallet Luna Foundation now holds $ 1.1 billion in BTC – Bitcoin News

Last week, the cryptocurrency community discussed the purchase of bitcoin by the Luna Foundation Guard (LFG), as onchain data show that the LFG bitcoin wallet currently contains 24,954.95 bitcoins worth $ 1.1 billion. The LFG Gnosis safe address shows that in the last four days, 660.6 million tethers were sent from the foundation’s wallets.

Do Kwon confirms that the Bitcoin wallet belongs to LFG

Dated March 26, 2022 Guardian of the Luna Foundationwith bitcoin wallet holds 24,954.95 BTC worth $ 1.1 billion. Over the past four days, the address has amassed a huge number of bitcoins after founder Terre Do Kwon recently hinted on a blockchain project that uses bitcoin-related tokenomy. After someone asked the founder of Terre why the project decided to choose bitcoin (BTC) for the reserve instrument, Do Kwon replied:

Bitcoin is the only solid reserve asset that has been proven to come from digital currencies… It is very difficult for someone in cryptocurrency to question bitcoin.

After the statement, the community noticed movement arising from a Gnosis secure address which is allegedly owned by LFG. Additionally, the newspaper publication Bitcoin Magazine tweeted about LFG’s bitcoin address and said the foundation confirmed the address and purchases “to support its UST stabilcoin”. Following that statement, on March 25, the newspaper publication further confirmed the tweet in article who said: “Terraform Labs founder Do Kwon confirmed via email Wednesday that the address really belongs to LFG.”

Bitcoin Reserve wallet Luna Foundation now holds $ 1.1 billion in BTC – Bitcoin News
On March 26, 2022 at 13:00 (ET), LFG’s bitcoin wallet contains 24,954.95 bitcoins worth over $ 1.1 billion.

The co-founder of 3AC says that buying bitcoin worth 125 million dollars a day for three months is a lot.

Since then, the LFG bitcoin address continues to accumulate BTC as the last transaction shows it received 493 BTC March 26 at 5:18 (UTC). It contains 24,954.95 bitcoins worth $ 1.1 billion, and the address never sent a single satoshi from the wallet. Gnosis safe address sent four USDT transactions worth about $ 125 million, and the last sending of tether was 160,750,000 USDT.

Bitcoin address sent BTC to the LFG bitcoin address is marked as “Binance hot wallet”, according to oxt.me data i cash flow statistics bitquery.io. Everything from BTC entries held at the LFG bitcoin address derived from the marked Binance hot wallet. As far as Gnosis secure address is concerned, there are still plenty of funds in your wallet to continue shopping BTC on a daily basis.

Currently, the secure address of Gnosis holds $ 715.2 million in connection (USDT) and $ 398.23 million in USD (USDC) coins. The proliferation of shopping has further sparked much discussion within the crypto community. “I can say that some of you haven’t used size before,” wrote Kyle Davies, co-founder and president of Three Arrows Capital (3AC) on Twitter. “Let me tell you, you’re buying $ 125 million a day [bitcoin] in 3 months it’s a lot. “

Labels in this story

$ 1.1 million in BTC, $ 125 million, $ 125 million in a relationship, $ 3 billion, Binance hot wallet, Bitcoin, Blockchair explorer, Blockchair’s Privacy-o-meter, BTC, BTC reserves, collateral, do kwon, Gnosis secure address, Kyle Davies, lfg, MOON, moon guardian foundation, oxt.me data, reported the purchase of BTC, Terra, country (MONTH), Terra’s Luna Foundation, terraform labs, Tether, SET

What do you think of LFG’s pile of bitcoin reserves? Tell us what you think about this topic in the comments section below.

Bitcoin Reserve wallet Luna Foundation now holds $ 1.1 billion in BTC – Bitcoin News

Jamie Redman

Jamie Redman is a news anchor on Bitcoin.com News and a financial technology journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about disruptive protocols appearing today.




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