Why LFG’s BTC Buying Spree Barely Moved the Markets This Time

Name: Why LFG’s BTC Buying Spree Barely Moved the Markets This Time
Uploaded: 2022-04-11T17:59:34Z
Duration: 6 min 369 s
Description: The Luna Foundation Guard (LFG) added over $173 million in bitcoin (BTC) to its TerraUSD stablecoin reserves, totaling its holdings to almost 40,000 BTC, or roughly $1.67 billion. “The Hash” group discusses the lack of a bitcoin price reaction to LFG’s purchases, the correlation of bitcoin to traditional markets and the “tribal nature of crypto.”

Apr 11, 2022

The Luna Foundation Guard (LFG) added over $173 million in bitcoin (BTC) to its TerraUSD stablecoin reserves, totaling its holdings to almost 40,000 BTC, or roughly $1.67 billion.

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