Non-Profit Luna Foundation Guard Buys 37,863 BTC
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Luna Foundation Guard (LFG), a non-profit organization, has purchased an additional 37,863 BTC for about $1.5 billion, CNBC has reported.
According to the company, the transaction has been completed on the OTC market with the mediation of Genesis Global Trading and Three Arrows Capital.
In particular, LFG has exchanged 1 million UST for $1 billion worth of Bitcoin through Genesis Global Trading and then acquired $500 million worth of cryptocurrency from Three Arrows Capital. The average asset purchase price in the transaction was $39,616.
In total, the organization has 80,394 BTC on its balance sheet. According to LFG’s own data, the company is one of the top 10 Bitcoin holders in the world.
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