fbpx
  • About Us
  • Contact
  • Sponsored Content
  • Price Tracker
  • Write for Us
  • Terms and Conditions
Coin Culture
  • Markets
  • Policy
  • Tech
  • People
  • Business
  • 101 Guide
    • Bitcoin Guide
    • Blockchain Guide
    • Ethereum Guide
    • DeFi Guide
    • Trading Guide
    • ICO guide
    • Bitcoin Cash Guide
    • Ripple Guide
    • NFT
    • Dogecoin guide
  • Hot topics
    • NFT
    • Metaverse
    • Games
    • Forecast
  • Exchanges
    • Crypto Exchange Reviews
      • CoinSpot Review
      • Crypto.com Review
      • Crypto.com Review
      • Swyftx Review
    • Exchange Comparisons
      • CoinSpot vs Swyftx
      • CoinSpot vs Digital Surge
      • CoinSpot vs Coinbase
      • Coinspot vs Binance
      • CoinSpot vs Kraken
      • CoinSpot vs Independent Reserve
      • CoinSpot vs Bitfinex
      • Coinspot vs Plus500
      • CoinSpot vs Bittrex
      • CoinSpot vs BTC Markets
      • CoinSpot Vs Etoro
      • CoinSpot vs Cointree
      • CoinSpot vs KuCoin
      • Crypto.com Vs Coinbase
      • Crypto.com vs Binance
      • Swyftx vs. Independent Reserve
      • Swyftx vs. CoinJar
      • KuCoin vs. Coinbase
No Result
View All Result
SUBSCRIBE
Coin Culture
  • Markets
  • Policy
  • Tech
  • People
  • Business
  • 101 Guide
    • Bitcoin Guide
    • Blockchain Guide
    • Ethereum Guide
    • DeFi Guide
    • Trading Guide
    • ICO guide
    • Bitcoin Cash Guide
    • Ripple Guide
    • NFT
    • Dogecoin guide
  • Hot topics
    • NFT
    • Metaverse
    • Games
    • Forecast
  • Exchanges
    • Crypto Exchange Reviews
      • CoinSpot Review
      • Crypto.com Review
      • Crypto.com Review
      • Swyftx Review
    • Exchange Comparisons
      • CoinSpot vs Swyftx
      • CoinSpot vs Digital Surge
      • CoinSpot vs Coinbase
      • Coinspot vs Binance
      • CoinSpot vs Kraken
      • CoinSpot vs Independent Reserve
      • CoinSpot vs Bitfinex
      • Coinspot vs Plus500
      • CoinSpot vs Bittrex
      • CoinSpot vs BTC Markets
      • CoinSpot Vs Etoro
      • CoinSpot vs Cointree
      • CoinSpot vs KuCoin
      • Crypto.com Vs Coinbase
      • Crypto.com vs Binance
      • Swyftx vs. Independent Reserve
      • Swyftx vs. CoinJar
      • KuCoin vs. Coinbase
No Result
View All Result
Coin Culture Logo
No Result
View All Result

Home » Terra’s Bitcoin Stash Hit $1.4 Billion

Terra’s Bitcoin Stash Hit $1.4 Billion

Lucas N by Lucas N
July 1, 2022
in Markets
terra rocket and a man holding bitcoin
Share on FacebookShare on Twitter

Prior to this transaction, the Luna Foundation had already purchased approximately $140 million USDT as a purchase fund through its Binance address. The blockchain data by BitInfoCharts shows that between January 21st, 2022 and March 30th, 2022, the Luna Foundation has made a total number of 69 transactions with the total value of BTC surpassing $1.44 billion.

You might also like

Top ZK Rollup Projects Early 2023: A Curated List

Chinese Coins Gains Double-Digit As $92 Billion Injected Into Market

Stablecoin War Intensified Amid Regulatory Crackdown

Currently, the Bitcoin address associated with the Luna Foundation has 30,727.9 Bitcoin, making it the 32nd most valuable Bitcoin address in the world. The organisation also offers LUNA tokens and relies on fundraising activities to attract new members.

The funds are actively converted to BTC as the primary asset used to keep its UST stablecoin stable. The use of innovative algorithmic solutions is the most effective method of controlling the number of stable coins in circulation, allowing the organisation to meet the needs of all users.

The Luna Foundation’s reserves must be expanded in order for it to continue to fund its UST and LUNA projects. On the one hand, large BTC reserves ensure the company’s ability to meet all financial obligations regardless of changes in UST demand or BTC/USD exchange rates. The funds’ interest, on the other hand, through its tokens, contributes to increased demand for LUNA among corporate and private investors.

As the demand for LUNA grows, it seems like the organisation will need to raise more funds and increase its reserves even more. As a result, both the stablecoin and cryptocurrency segments will be able to develop in a well-balanced manner. The recent price dynamics have confirmed that Terra (LUNA) is currently one of the major gainers in the top-10 crypto rankings.

Tags: btcTerra
Lucas N

Lucas N

Lucas N is Coin Culture's managing editor for people and market, covering opinon, interview and market analysis. He owns Near, Aurora and Chainlink

Recommended For You

Top ZK Rollup Projects Early 2023: A Curated List

by Tuni Lala
February 23, 2023
0
Top ZK Rollup Projects Early 2023: A Curated List

If you're a crypto enthusiast, you may have heard the term "ZK Rollup" and be curious about its functions. ZK Rollups are a method to facilitate more efficient...

Read more

Chinese Coins Gains Double-Digit As $92 Billion Injected Into Market

by Van Tran
February 22, 2023
0
Chinese Coins Gains Double-Digit As $92 Billion Injected Into Market

The liquidity injection by the People’s Bank of China caused the price increase of Chinese crypto projects. Industry heavyweights, like the inventor of Tron, Justin Sun, assert that...

Read more

Stablecoin War Intensified Amid Regulatory Crackdown

by Tuni Lala
February 17, 2023
0
Stablecoin War Intensified Amid Regulatory Crackdown

The Securities and Exchange Commission (SEC) maintains its regulatory stance on cryptocurrency. In doing so, the regulator contributed to the intensification of the so-called stablecoin war. The move...

Read more

Messari Report: GameFi Adoption Declines 30% Since October 2022

by Tuni Lala
February 15, 2023
0
Messari Report: GameFi Adoption Declines 30% Since October 2022

According to a survey by Messari, the number of monthly active GameFi users has decreased to around 1.75 million since October 2022, when it peaked at over 2.25...

Read more

Why Is The Current Crypto Market Down?

by Tuni Lala
February 15, 2023
0
Why Is The Current Crypto Market Down?

The crypto market is currently down as market volatility grows ahead of the release of the Consumer Price Index (CPI) report, along with increasing regulatory enforcement by the...

Read more
Next Post
US flag and USDT coin and USD

US Legislators Proposed A New Bill To Increase Transparency In The Stablecoin Marketplace

Please login to join discussion

Most popular

  • Top Crypto Twitter Influencers in 2022

    Top Crypto Twitter Influencers in 2023

    910 shares
    Share 364 Tweet 227
  • 20 Best Crypto Copy Trading Platforms: A Curated List 2023

    82 shares
    Share 33 Tweet 21
  • 11 Best Crypto Debit Cards In Australia: A Curated List 2023

    151 shares
    Share 60 Tweet 38
  • Best Crypto Youtube Channels For Crypto Enthusiasts 2023

    661 shares
    Share 264 Tweet 165
  • The Secret Disclosed: JPMorgan owns critical Ethereum infrastructure

    420 shares
    Share 168 Tweet 105

Recommended

Venezuela Overhauls National Crypto Department Sunacrip

Venezuela Overhauls National Crypto Department Sunacrip

March 20, 2023
Signum Digital Won SFC Approval To Provide Security Tokens In Hong Kong

Signum Digital Won SFC Approval To Provide Security Tokens In Hong Kong

March 20, 2023
U.S. Senator Claims Signature’s Failure Was Linked To Crypto Instability

U.S. Senator Claims Signature’s Failure Was Linked To Crypto Instability

March 19, 2023
Euler Finance Hacker Sent 100 ETH To Ronin Bridge Exploiter

Euler Finance Hacker Sent 100 ETH To Ronin Bridge Exploiter

March 19, 2023
Facebook Twitter Instagram
coin culture logo

Your Australian news source for all things cryptocurrency. Coin Culture is an independent media outlet that aims to provide an Aussie take on crypto, digital assets, and investing.

Hot Topics

  • DeFi
  • NFT
  • Gaming

Top articles

CoinSpot Review
Swyftx Review
Best Crypto Exchanges Australia
CoinSpot vs Swyftx

BROWSE BY TAG

Adoption Altcoin News Banks Bitcoin Bitcoin News btc Business Cardano Cardano News CBDC China CoinSpot Crypto Cryptocurrencies Crypto Exchange DeFi Dogecoin News El Salvador ETF Ethereum News Exchanges Feature FTX Games hacks Markets Metaverse Mining NFT NFT Game Opinion People Policy and Regulation SAM SEC Security Solana Stablecoins Tech Terra Top Crypto News Australia | CoinCulture Trading U.S. US web3

© 2022 CoinCulture. All rights reserved.

No Result
View All Result
  • Markets
  • Policy
  • Tech
  • People
  • Business
  • 101 Guide
    • Bitcoin Guide
    • Blockchain Guide
    • Ethereum Guide
    • DeFi Guide
    • Trading Guide
    • ICO guide
    • Bitcoin Cash Guide
    • Ripple Guide
    • NFT
    • Dogecoin guide
  • Hot topics
    • NFT
    • Metaverse
    • Games
    • Forecast
  • Exchanges
    • Crypto Exchange Reviews
      • CoinSpot Review
      • Crypto.com Review
      • Crypto.com Review
      • Swyftx Review
    • Exchange Comparisons
      • CoinSpot vs Swyftx
      • CoinSpot vs Digital Surge
      • CoinSpot vs Coinbase
      • Coinspot vs Binance
      • CoinSpot vs Kraken
      • CoinSpot vs Independent Reserve
      • CoinSpot vs Bitfinex
      • Coinspot vs Plus500
      • CoinSpot vs Bittrex
      • CoinSpot vs BTC Markets
      • CoinSpot Vs Etoro
      • CoinSpot vs Cointree
      • CoinSpot vs KuCoin
      • Crypto.com Vs Coinbase
      • Crypto.com vs Binance
      • Swyftx vs. Independent Reserve
      • Swyftx vs. CoinJar
      • KuCoin vs. Coinbase

© 2022 CoinCulture. All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.
  • bitcoinBitcoin(BTC)$28,398.003.59%
    BITCOIN
    24H : 3.59%
    Volume : $57,535,472,899.00
    Marketcap : $548,825,956,329.00
  • ethereumEthereum(ETH)$1,791.19-0.18%
    ETHEREUM
    24H : -0.18%
    Volume : $13,235,563,053.00
    Marketcap : $215,834,014,176.00
  • tetherTether(USDT)$1.01-0.16%
    TETHER
    24H : -0.16%
    Volume : $163,279,400,890.00
    Marketcap : $76,649,864,822.00
  • binancecoinBNB(BNB)$340.79-0.04%
    BNB
    24H : -0.04%
    Volume : $981,551,061.00
    Marketcap : $53,827,978,427.00
  • usd-coinUSD Coin(USDC)$1.00-0.06%
    USD COIN
    24H : -0.06%
    Volume : $5,600,326,965.00
    Marketcap : $36,259,457,540.00

Add New Playlist