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The Luna Foundation Surpassed Tesla After It Bought $1.5 Billion Worth of Bitcoin

The Luna Founder was fined $108.5 million for evading taxes in Korea

Famous crypto news page Watcher Guru tweeted that the Luna Foundation surpassed Tesla as the second-largest corporate holder of bitcoin.

The news came after Terra Luna bought another 1.5 billion dollars worth of bitcoin in the early part of the day.

Terra Luna Buys 1.5 Billion Dollar worth of Bitcoin

U.S.Terra, the Luna Foundation Guard’s most popular stablecoin, has been bolstered by the purchase of $1.5 billion worth of bitcoin.

Over-the-counter swaps with Genesis Trading and purchase from Three Arrows Capital, a major crypto venture capital company, allowed LFG to acquire a total of 37,863 BTC from the raise. 

According to information released by Genesis on Thursday, the transaction involved a $1 billion over-the-counter swap for UST and a $500 million BTC purchase from Three Arrows Capital.

According to CNBC, LFG currently possesses almost $3.5 billion worth of BTC.

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