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Terra's LFG Among Largest New Bitcoin (BTC) Holders: IntoTheBlock

Fri, 03/25/2022 - 16:11
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Vladislav Sopov
Here's who is behind significant changes in Bitcoin's holder landscape
Terra's LFG Among Largest New Bitcoin (BTC) Holders: IntoTheBlock
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Terra's Luna Foundation Guard started purchasing Bitcoin (BTC) aggressively; as per IntoTheBlock statistics, this policy has already affected one of the most interesting segments of Bitcoin (BTC) wallets.

Terra's great accumulation has started

According to statistics shared by leading on-chain data providers IntoTheBlock, Luna Foundation Guard (LFG), a supervisory unit of Terra (LUNA) blockchain, has affected Bitcoin (BTC) markers with its purchasing spree.

As unveiled by IntoTheBlock, Terra's LFG is among the largest new Bitcoin (BTC) holders in March 2022. Most likely, wallets with 1,000-10,000 Bitcoins (BTC) are those involved in purchasing.

The IntoTheBlock team attached a chart that shows a significant increase in the number of Bitcoin (BTC) wallets in the 1K-10K segment. This metric smashed the previous historic high and is growing rapidly.

A few days ago this metric eclipsed 2,200 wallets.

Challenging MicroStrategy's supremacy?

As covered by U.Today previously, Terra's LFG started to implement its massive plan to inject $11.2 billion into the largest cryptocurrency.

Terra (UST) Buys $125 Million Worth of BTC out of $11.2 Billion Planned to Acquire in Three-Month Period

Recently, they spent the first batch of money ($125 million in equivalent) to fulfill these plans.

Should this scenario come true, Terra's LFG would surpass the largest corporate Bitcoin (BTC) holder, Microstrategy, in the coming weeks.

By press time, Microstrategy is responsible for $5.5 billion in Bitcoin (BTC).

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About the author

Blockchain Analyst & Writer with scientific background. 6+ years in IT-analytics, 3+ years in blockchain.

Worked in independent analysis as well as in start-ups (, Monoreto, Attic Lab etc.)