Luna Foundation Guard buys $1.5 billion worth of BTC
The non-profit organization Luna Foundation Guard (LFG) purchased 37,863 bitcoins for a total of $1.5 billion. The transaction was carried out on the over-the-counter market, and Genesis Global Trading and Three Arrows Capital acted as intermediaries.
The Luna Foundation exchanged 1 million UST for $1 billion worth of bitcoin. LFG completed the deal through Genesis Global Trading and acquired $500 million worth of cryptocurrency from Three Arrows Capital. The average asset purchase price was $39,616.
In total, the organization has 80,394 BTC worth $2.98 billion at the current exchange rate. The Luna Foundation announces that it has become one of the top ten holders of bitcoin.