'Hold my beer' — Terra already up $165M from buying Bitcoin as BTC stash nears Tesla

Buying Bitcoin has already netted LFG_org a cool $165 million.

) has already netted its biggest new buyer almost $200 million in profit from price increases, data suggests.related to Blockchain protocol Terra reveals that since it began amassing BTC in Q1 this year, it is up $165 million.The Luna Foundation Guard , a nonprofit organization around Terra, is currently following through on its plans to back its new TerraUSD stablecoin with both Bitcoin and its native LUNA token.

Since mid-March, buying has accelerated, and in just a few short weeks, LFG's balance has passed 30,000 BTC. 2/ Purchasing significant amounts of bitcoin creates information asymmetry between insiders and everyone else.

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