Do Kwon, the co-founder and chief executive officer of the firm behind the Terra blockchain, confirmed that it has purchased more than $1 billion in Bitcoin since the end of January.
That includes about $135 million in four purchases Monday. Kwon confirmed with Bloomberg News the Bitcoin address used by the Singapore-based Luna Foundation Guard to buy the cryptocurrency. Data show that the address has bought a total of 27,784.96954740 Bitcoin.
Bitcoin erased its losses for the year over the weekend and was trading at around $47,570 during New York hours Monday. Earlier this month, Kwon announced its UST stablecoin ...
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