Terra’s Founder Do Kwon 'Looks Forward to Building With Bitcoin' — Project Reportedly Acquires $125M in BTC

つい最近, Terra founder Do Kwon hinted at purchasing $3 billion in bitcoin to bolster the protocols reserves and according to a number of reports and blockchain analysis, Terra purchased $125 million worth of bitcoin on March 21. 次の日, ビットコイン’s fiat value jumped to a high of $43,079 per unit and theres been lots of discussions concerning Terras reported bitcoin buy.


Reports and Blockchain Analysis Suggests $125 Million Bitcoin Purchase Executed by Terra

行進に 21, 2022, Bitcoin-Tidings.com ニュース 報告 on the Terra founder Do Kwon and his hints about purchasing billions in bitcoin (BTC). After being asked why the project was eying BTC 埋蔵量, Do Kwon said: “Bitcoin is the only hard reserve asset thats been proven out of the digital currenciesIt is very difficult for somebody in crypto to question bitcoin.

Following the report, the digital currency influencer Lark Davis tweeted that the Terra (LUNA) project had made its first purchase. “Luna makes its first purchase of bitcoin worth 125 million dollars,” Davis said. The crypto influencers tweet has been retweeted over 450 times and has close to 4K likes on Twitter at the time of writing.

火曜日に, the purported $125 ミリオン BTC purchase has been trending a great deal on social media. While there has been no official mention of the ビットコイン (BTC) purchase by Terra, a Gnosis safe address reportedly owned by Terra transferred $125 million worth of USDT to Binance.

即日, BTC advocate and the director of growth marketing at Kraken, Dan Held, welcomed the Terra community. “I welcome all projects and protocols that want to build on Bitcoin/use Bitcoin,” Held つぶやいた. “Excited to see what [ドグォン] and the Terra community will do.

Do Kwon responded to Helds commentary and 答えた: “Looking forward to building together.The co-founder of Stacks, an open-source smart contract platform for Bitcoin, Muneeb Ali also responded to Helds Twitter thread. “This is the way,” Muneeb Ali つぶやいた. “[の] Bitcoin community was welcoming to developers pre-2016. We can do the same now. Developers can use Bitcoin however they want, it only makes BTC stronger.

Terra Founder Do Kwon Insists Project Has $3 Billion in Funds Ready to Seed Reserves

Both テラ (LUNA) and the networks stablecoin UST have seen significant growth over the last 12 月. Year-to-date, LUNA is up 323% 米国に対して. dollar and the stablecoin UST is the fourth-largest USD stablecoin by market valuation with $15.6 十億.

火曜日に, the co-founder and CEO of Blockstream, Adam Back, asked Do Kwon about where the billions of dollars were coming from. テラ’の創設者 responded by telling the Blockstream executive that the organization has $3 billion infunds ready to seed this reserve,” but he added thattechnical infrastructure (bridges etc) is still not ready yet.

さらに, テラ’s founder also explained how the funds were raised by the Terra ecosystem and Luna Foundation Guard (LFG). “これ’s BTC or tether,” Do Kwon told Back on Tuesday. “1B was raised recently and 1.2B LFG raised by selling UST against tether, 0.8B or so left to go,” テラ’s founder added.

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