Luna Foundation Guard buys $1.5 billion worth of BTC

06.05.2022 09:05
by Artem Ustinov
1 min read

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.

Author

  • Crypto analyst and practitioner trader with the law and managerial education. Active investor and crypto enthusiast. Worked as an analyst and copywriter in a brokerage company. Accompanied by DAO and NFT projects of different levels of complexity.

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