Reports show the Luna Foundation's wallet has transferred at least three tranches of tether worth $125 million each.
This week there’s been a lot of talk about Terra’s Luna Foundation purchasing bitcoin to hold in its reserves pool. Onchain data shows the organization’s wallet has transferred at least three tranches of tether worth $125 million each. Furthermore, reports show that the Luna Foundation has confirmed the recent bitcoin purchases.
Onchain Data Indicates Terra’s Luna Foundation Has Sent 3 Tranches of Tether to Purchase Bitcoin, Foundation Confirms Bitcoin Address Two days ago, Bitcoin.com News reported on Terra’s founder Do Kwon discussing how he looks forward to building with bitcoin. In the report, accounts and onchain data showed that $125 million in tether was transferred from a wallet that reportedly stems from Terra’s Luna Foundation.
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