Terra (LUNA) Foundation Acquires 11,700 Bitcoin of Worth $523M
Luna Foundation Guard (LFG) has purchased more than 11,700 Bitcoin. At the price of $44,705.81.
Top Reason Behind this Huge accumulation is, In the case of UST decline, holders will be able to exchange their holdings with Bitcoin.
LFG predicts that the accumulated UST they have received during the crisis will jump back to its initial peg of $1.
If UST value increases, many traders will be interested in giving up their BTC for UST, which will then be higher in value.