The Luna Foundation Guard (LFG), the treasury that supports the TerraUSD stablecoin, added $173 million U.S. in Bitcoin (BTC) over the weekend (April 9 and 10).
LFG now holds 39,897.98 Bitcoin in its digital wallet worth approximately $1.67 billion U.S.
During the past week, the LFG has made a series of purchases, buying $230 million U.S. of Bitcoin on April 6.
Terra’s founder, Do Kwon, has said that the foundation has a goal to eventually acquire a total of $10 billion U.S. in Bitcoin.
The price of Bitcoin has been slumping in recent days after rallying since mid-March. Over the weekend, the price of Bitcoin fell about 5% to trade at $41,150 U.S. The price of Bitcoin is down 40% from its all-time high of $68,000 U.S. reached last autumn.
