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Terra Foundation Has Added $230

The founder of Terraform Labs and chief executive officer, Do Kwon, revealed that the company added as many as 5000 bitcoins in a tweet on the microblogging site.<br><br>More on it<br>The Bitcoin reserve of the company is now worth $1.6 billion and has a goal of attaining $10 billion to back up its TerraUSD Stablecoin. The Luna token of Terra hit $119 of late, which was a record high but eased back to $110.<br><br>Terraform Labs founder and CEO Do Kwon said that he bought $230 million worth of Bitcoin through the Luna Foundation Guard, intending to add them to the reserves of bitcoin of the company.

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Terra Foundation Has Added $230

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