The Luna Foundation Guard (LFG) now holds $3.5 billion worth of Bitcoin (CRYPTO: BTC) for its stablecoin reserves.
What Happened: LFG acquired another 37,863 BTC worth $1.5 billion in OTC swaps from Genesis Trading and Three Arrows Capital.
2/ The OTC swaps included 1 billion $UST for $1 billion worth of $BTC with Genesis, and the LFG purchased an additional $500 million worth of BTC via 3AC.
The acquired BTC brings the LFG’s total holdings to ~80,394 Bitcoins.
— LFG | Luna Foundation …
Full story available on Benzinga.com