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Luna Foundation Guard bought another $173 million worth of bit | Crypto for Dummies

Luna Foundation Guard bought another $173 million worth of bitcoins over the weekend

Luna Foundation Guard (LFG), the organization that backs the TerraUSD algorithmic stackcoin, bought $173 million worth of bitcoin over the weekend.

LFG now has 39,897.98 BTC (about $1.67 billion) in its wallet.

Last week, LFG made a series of digital asset purchases: The company bought $230 million worth of bitcoins on April 6 and $200 million worth of AVAX on April 8.

Terra founder Do Kwon previously said the fund plans to buy $10 billion worth of BTC.