On Friday, the Luna Foundation Guard (LFG) acquired an extra 123.89 bitcoin worth over $5 million when it was settled. Terra's LFG has been buying bitcoin on a regular basis since mid-March, and the non-profit organisation now holds about 42,530.827 bitcoin after the purchase on Friday morning. LFG has been buying a lot of bitcoin since Terraform Labs CEO Do Kwon said that the Terra project will buy $3 billion worth of bitcoin for Terra's decentralised UST FX reserves. LFG's most recent purchase was 2,508 BTC two days ago, and the wallet had around 42,406.92 BTC following the purchase, according to Source. LFG, a non-profit company, bought a substantially lesser amount of bitcoin on Friday, depositing 123.89917 BTC worth over $5 million at 1:55 a.m. (UTC). Except for random dust transactions sent to the wallet on a regular basis, all of the cash transferred into the LFG address came from a Binance hot wallet. At the time of writing, LFG's bitcoin wallet had 42,530.827 bitcoin worth $1.71 billion. After 69 transactions since January 21, 2022, it is now the 18th biggest bitcoin wallet. Following the formation of the Terraform Labs Global Founder Fellowship, the purchase of 123.89 BTC was made. "The Terra Global Founder Fellowship's goal is to collaborate with top tier early-stage VC firms, accelerator programmes, and tech unicorn businesses," Terraform Labs said in a statement on Wednesday. Jump Crypto, Delphi Digital, Outlier Ventures, Long Hash Ventures, SCB10X, Alpha Finance Lab, Ship Capital, Basis Set Ventures, and Insignia Ventures are among the Terra Global Founder Fellowship partners. Terra's stablecoin UST was also launched on Binance US on April 13, and as of April 15, UST's market value is only $200 million away from surpassing the market capitalization of the stablecoin BUSD. The market valuation of Terra's UST has increased by 15.5 per cent in the previous 30 days. LFG's Gnosis safe address has also experienced a lot of activity recently. Three days ago, the address received a deposit of 86,923,440 tethers (USDT). The day previous, the non-profit had withdrawn roughly 100,000,000 USDT. According to statistics, the LFG Gnosis safe address owns $549.6 million in stablecoins, with the USD currency being the most prevalent (USDC). The address now has $398.16 million in USDC, $151.4 million in USDT, and a minuscule portion of Ethereum (0.056 ETH) worth $168.56.
