Luna Foundation Guard Buys $1.5 Billion of Bitcoin ($BTC) to Bolster $UST Reserve

The Luna Foundation Guard, a non-profit mandated to build reserves for Terra’s algorithmic stablecoin UST, has bought $1.5 billion worth of the flagship cryptocurrency Bitcoin ($BTC) to add to its reserve, which is now above $3.21 billion. As CNBC reports, the transaction brings the Luna Foundation Guard closer to its goal of accumulating $10 billion in […]