{"id":1097,"date":"2022-05-05T20:54:07","date_gmt":"2022-05-05T20:54:07","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/05\/05\/luna-foundation-acquires-an-additional-37-8k-bitcoin-worth-1-5b-bringing-its-total-holdings-to-80394-btc\/"},"modified":"2022-05-05T20:54:07","modified_gmt":"2022-05-05T20:54:07","slug":"luna-foundation-acquires-an-additional-37-8k-bitcoin-worth-1-5b-bringing-its-total-holdings-to-80394-btc","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/05\/05\/luna-foundation-acquires-an-additional-37-8k-bitcoin-worth-1-5b-bringing-its-total-holdings-to-80394-btc\/","title":{"rendered":"Luna Foundation Acquires An Additional 37.8k Bitcoin Worth $1.5B, Bringing its Total Holdings to 80,394 BTC"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p>Summary:<\/p>\n<ul>\n<li>The Luna Foundation Guard has purchased a further 37,863 Bitcoin price $1.5 billion<\/li>\n<li>The buy is consistent with Do Kwon\u2019s aim of backing UST with digital asset reserves price $10 billion <\/li>\n<li>The Luna Foundation Guard now holds 80,394 BTC<\/li>\n<\/ul>\n<p>The Luna Foundation Guard has acquired a further 37,863 Bitcoin price $1.5 billion to additional again its standard stablecoin of UST. <\/p>\n<p>The latest buy of Bitcoin was carried out in two transactions: $1 billion with Genesis Trading and $500 million price of <a href=\"https:\/\/en.ethereumworldnews.com\/luna-buys-4130-bitcoin-total-39897-btc\/\" target=\"_blank\" rel=\"noreferrer noopener\">Bitcoin<\/a> by 3 Arrows Capital (3AC). With this buy, the Luna Foundation Guard now holds 80,394 Bitcoin price an estimated $3.2 billion on the time of writing. <\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">2\/ The OTC swaps included 1 billion <a href=\"https:\/\/twitter.com\/search?q=%24UST&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\" target=\"_blank\">$UST<\/a> for $1 billion price of <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\" target=\"_blank\">$BTC<\/a> with Genesis, and the LFG bought a further $500 million price of BTC by way of 3AC.<\/p>\n<p>The acquired BTC brings the LFG\u2019s whole holdings to ~80,394 Bitcoins.<\/p>\n<p>\u2014 LFG | Luna Foundation Guard (@LFG_org) <a href=\"https:\/\/twitter.com\/LFG_org\/status\/1522234949364973568?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\" target=\"_blank\">May 5, 2022<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<h2>UST is Attempting to Observe the Bitcoin Standard \u2013 Do Kwon<\/h2>\n<p>The latest buy of $1.5 billion price of Bitcoin is consistent with the imaginative and prescient of Terra\u2019s founder, Do Kwon, of backing TerraUSD (UST) with $10 billion price of BTC and different digital belongings. <\/p>\n<p><a href=\"https:\/\/en.ethereumworldnews.com\/ust-wins-when-more-blockchains-issue-their-own-stablecoins-terras-do-kwon-on-trons-usdd\/\" target=\"_blank\" rel=\"noreferrer noopener\">Mr. Kwon<\/a> additional elaborated his imaginative and prescient <a href=\"https:\/\/www.cnbc.com\/2022\/05\/05\/luna-foundation-guard-bolsters-stablecoin-reserve-by-raising-1point5-billion-in-bitcoin.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">to CNBC<\/a> by stating \u2018For the first time, you\u2019re beginning to see a pegged forex that&#8217;s trying to observe the bitcoin normal. It\u2019s making a robust directional guess that holding numerous these overseas reserves within the type of a digital native forex goes to be a profitable recipe.\u2019<\/p>\n<p>He additionally added that point is the one component left to take a look at out the TerraUSD (UST) undertaking. Additionally, the stablecoin undertaking is especially essential given \u2018that we live in a time where there\u2019s extra cash printing throughout the board and when financial insurance policies extremely politicized that there are residents which are self-organizing to attempt to convey programs again to a sounder paradigm of cash.\u2019<\/p>\n<h2>TerraUSD (UST) Makes an Entry into Coinmarketcap\u2019s Top 10<\/h2>\n<p>At the time of writing, TerraUSD (UST) is ranked tenth on Coinmarketcap with a market capitalization of $18.683 billion. UST can also be now additionally ranked third within the stablecoin class after Tether ($83.154 billion) and USDC ($48.7 billion). It has additionally <a href=\"https:\/\/en.ethereumworldnews.com\/terras-ust-climbs-into-top-3-stablecoins-above-busd\/\" target=\"_blank\" rel=\"noreferrer noopener\">eclipsed Binance USD<\/a> (BUSD) which has a market capitalization of $17.8 billion.<\/p>\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2022\/05\/UST-top-10.jpg\" alt=\"Luna Foundation Acquires An Additional 37.8k Bitcoin Worth $1.5B, Bringing its Total Holdings to 80,394 BTC 11\" class=\"wp-image-57163\" width=\"790\" height=\"238\" srcset=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2022\/05\/UST-top-10.jpg 1017w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2022\/05\/UST-top-10-770x232.jpg 770w\" sizes=\"auto, (max-width: 790px) 100vw, 790px\" title=\"Luna Foundation Acquires An Additional 37.8k Bitcoin Worth $1.5B, Bringing its Total Holdings to 80,394 BTC 11\"\/><figcaption>UST now ranked tenth on Coinmarketcap<\/figcaption><\/figure>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1319\" height=\"369\" src=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2022\/05\/Top-4-stablecoins.jpg\" alt=\"Luna Foundation Acquires An Additional 37.8k Bitcoin Worth $1.5B, Bringing its Total Holdings to 80,394 BTC 12\" class=\"wp-image-57164\" srcset=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2022\/05\/Top-4-stablecoins.jpg 1319w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2022\/05\/Top-4-stablecoins-770x215.jpg 770w\" sizes=\"auto, (max-width: 1319px) 100vw, 1319px\" title=\"Luna Foundation Acquires An Additional 37.8k Bitcoin Worth $1.5B, Bringing its Total Holdings to 80,394 BTC 12\"\/><figcaption>UST ranked third within the stablecoin class. Source, Coinmarketcap.com<\/figcaption><\/figure>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/ethereumworldnews.com\/luna-foundation-acquires-37-8k-bitcoin-worth-1-5b-total-holdings-80394-btc\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Summary: The Luna Foundation Guard has purchased a further 37,863 Bitcoin price $1.5 billion The buy is consistent with Do Kwon\u2019s aim of backing UST with digital asset reserves price $10 billion The Luna Foundation Guard now holds 80,394 BTC The Luna Foundation Guard has acquired a further 37,863 Bitcoin price $1.5 billion to 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