Overview

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CoinGlass provides a page for tracking the Bitcoin wallet balance of major cryptocurrency exchanges. By viewing the wallet balance data and chart analysis, you can more accurately Follow trends in Bitcoin treasuries and reserves of companies, ETFs, and countries. Our Bitcoin treasury tracker provides detailed, up-to-date information on world wide Bitcoin reserves and Terra, a blockchain project that allows developers to build decentralized applications, has purchased an additional $139 million worth of bitcoin, pushing the project’s The foundation recently purchased an additional 123.89 BTC to add to its reserves bringing its total to 42.53K BTC. This put Bitcoin in the large majority at 69.6% of all reserves, coming out Terra accumulated a total of 39,897.98 Bitcoin worth $1.7B over the last month as part of its strategy to build a $10B BTC reserve for UST. Luna Foundation Guard (LFG), a Singapore-based nonprofit tied to the Terra Luna ecosystem, has raised another $1.5 billion to further expand its already hefty Bitcoin There were 9,564 BTC in the wallet on March 20, but there are currently well over 30,000 coins in the wallet worth well over $1.5 billion. 5 de may. de 20,863 BTC purchase was made possible through over-the-counter swapping with the Genesis Trading broker and additional purchases from Three Arrows The Luna Foundation Guard (LFG), in charge of the Terra protocol, announced the purchase of $100 million worth of Bitcoin on Wednesday and another $5M in

Terra BTC Reserve: Now Holding 39,897 BTC After 4,117 BTC Purchase

The Terra (LUNA) project continues to bolster its Bitcoin (BTC) reserves, recently adding another 4,117 BTC to its holdings. This latest acquisition brings Terra's total BTC reserve to a significant 39,897 BTC, valued at approximately $1.7 billion. The Luna Foundation Guard (LFG), the non-profit organization supporting the Terra Luna ecosystem, is spearheading this strategic accumulation of Bitcoin.

Why is Terra Buying Bitcoin?

The LFG's goal is to build a $10 billion Bitcoin reserve for UST, Terra's algorithmic stablecoin. This reserve aims to provide an additional layer of stability and decentralization to UST, enhancing its resilience against market volatility. This strategy involves buying Bitcoin over-the-counter from brokers like Genesis Trading and through additional market purchases, as evidenced by previous acquisitions like the 20,863 BTC purchase.

Tracking Terra's Bitcoin Wallet

Wondering where to track Terra's Bitcoin holdings? CoinGlass provides a dedicated page for monitoring the Bitcoin wallet balances of major cryptocurrency entities. Using their platform, you can access detailed data and chart analysis to follow trends in Bitcoin treasuries and reserves of companies, ETFs, and even countries. Their Bitcoin treasury tracker offers up-to-date information on global Bitcoin reserves.

LFG's Previous Acquisitions

The LFG has been actively accumulating Bitcoin in recent months. As an example, the foundation previously purchased an additional 123.89 BTC, contributing to a total holding of 42.53K BTC at that time. The most recent purchase of 4,117 BTC, plus others like the $100 million Bitcoin purchase on Wednesday, show Terra's firm commitment to securing a substantial Bitcoin reserve. In fact, as of March 20th, the LFG wallet held 9,564 BTC. The current balance of 39,897.98 Bitcoin demonstrates the rapid growth of Terra's holdings.

Bitcoin as a Reserve Asset

With Bitcoin comprising 69.6% of all reserves, the LFG strategy highlights the growing acceptance of Bitcoin as a legitimate reserve asset. By building a substantial BTC reserve, Terra aims to strengthen the stability and credibility of the UST stablecoin and contribute to the overall growth and adoption of the decentralized finance (DeFi) ecosystem.