TechFlow news — The Terra ecosystem's non-profit organization, Luna Foundation Guard (LFG), has acquired $100 million worth of Avalanche Foundation's native token AVAX as part of the UST reserves. The move aims to diversify UST's reserve assets and strengthen collaboration with the Avalanche ecosystem, expanding UST and Terra-native applications on Avalanche.
Earlier this Wednesday, LFG increased its Bitcoin holdings by $231 million, bringing its total Bitcoin holdings to over $2 billion. LFG's long-term goal is to acquire $10 billion worth of Bitcoin for the UST reserve.
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