TechFlow news, according to BitInfoCharts data, a Bitcoin address believed to belong to Luna Foundation Guard, the organization behind Terra's ecosystem development, purchased an additional 2,943 BTC this afternoon, worth approximately $140 million. The address now holds a total of 30,727 BTC, valued at around $1.46 billion.
Today, Terra founder Do Kwon also stated that he plans to increase UST's Bitcoin reserves to $10 billion, as Terra aims to become the world's largest single holder of BTC after Satoshi Nakamoto. "In this scenario, the failure of UST would be equivalent to the failure of the entire crypto industry itself."
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