Terra Buys Another $176 Million Bitcoin…Details Here
The content site is one of the sites that provide the service of answering general questions and solving puzzles and crossword puzzles
Where the content site is primarily interested in answering your questions in all areas, including solving puzzles and crossword puzzles
Answer Terra Buys Another $176 Million Bitcoin…Details Here
The Luna Foundation Guard (LFG), a Singapore-based non-profit organization focused on promoting and developing the Terra blockchain, added more Bitcoin and this time $176 million worth earlier Sunday.
LFG now owns nearly $1.7 billion of the world’s largest cryptocurrency.
The massive bitcoin stock aims to support the original stablecoin UST, making it easier for it to maintain its peg to the dollar during extreme market volatility.
The recent purchase had little impact on the bitcoin price.
The value of the cryptocurrency has increased by 1.43% in the past 24 hours.
LFG’s bitcoin buying spree began in late February after it sold $1 billion in LUNA to build a stable forex reserve denominated in the world’s largest cryptocurrency.Read:How to buy Coinbase shares for cryptocurrency trading before the IPO?
Terra founder Do Won tweeted that Terra intends to buy up to $10 billion in bitcoin in order to become the largest single owner of the best cryptocurrency.
LFG also bought $100 million worth of cryptocurrency Avalanche (AVAX) earlier this week.Read:Filecoin project miners go on strike just days after the launch of the mainnet
Binance obtains initial approval from Abu Dhabi Global Market to operate in the region
In an interesting development of events: Elon Musk will not join the Twitter board of directors!
And you can ask questions on the content site through the word “Ask a question” at the top of the site, where we answer your questions in a short time