TechFlow news — Luna Foundation Guard has just tweeted that, as of now, the foundation's remaining reserves consist of the following assets: 313 BTC, 39,914 BNB, 1,973,554 AVAX, 1,847,079,725 UST, and 222,713,007 LUNA. The total reserve value is approximately $75.1156 million.
Previously, as of May 7, 2022, LFG held 80,394 BTC, 39,914 BNB, 697,344 UST, 1,691,261 LUNA, along with USDT, USDC, AVAX, and other assets. When UST began to depeg on May 8, LFG started using its reserves to repurchase UST. These buybacks were conducted by directly transferring Bitcoin to counterparties to facilitate large-scale transactions. In the reserve operations, USDT and USDC were directly used to repurchase over 50 million UST, more than 4,500 BTC were deployed to repurchase over 1.5 billion UST. On May 10, Terraform Labs took over financial operations and sold 33,206 BTC to repurchase 1.164 billion UST. On May 12, LFG converted all repurchased UST into LUNA and staked it to protect the network.
