The purchase, totaling roughly $1.5 billion, will be used to further backstop Terra Luna’s UST stablecoin.
Luna Foundation Guard purchases additional 37,863 BTC as part of reserve strategy

<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvYTI0OGI4MDItMmM1NC00MTk0LWJiOWQtZjk1ZjNlZjE3ZDI4LmpwZw==.jpg"></p><p>The purchase, totaling roughly $1.5 billion, will be used to further backstop Terra Luna’s UST stablecoin. </p>
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