Luna Foundation Now Holds More Bitcoin Than Tesla

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  • Luna Foundation Guard, the non-profit organization behind Terra’s UST Stablecoin, has acquired $1.5 billion worth of bitcoin.
  • This purchase makes LFG the second-largest corporate holder of bitcoin, surpassing Tesla.
  • The transaction was facilitated by cryptocurrency prime broker Genesis, and cryptocurrency hedge fund 3AC.

Luna Foundation Guard (LFG), a non-profit organization focused on developing the Terra ecosystem, has closed a $1.5 billion over-the-counter (OTC) purchase of 37,863 bitcoin, surpassing Tesla as the second largest corporate holder of BTC, according to a press release.

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