Watch out for Michael Sailor! Kondo Kwon, CEO of Terraform Labs is enthusiastic following CEO of MicroStrategy. Terra wallet is currently raising about $ 1.5 billion in Bitcoin (BTC) Following another huge BTC purchase.
The wallet An address that appears to belong to Terra (not officially confirmed) received an additional 2,943.00002511 BTC ($ 139 million) on Wednesday. Twitter’s wallet alert account keeps track of your wallet.
The wallet began to accumulate a huge amount of Bitcoin on January 21st, and no Satoshi has been sold.
according to On the chart, the wallet first injected about 10,000 BTC on January 21st, but began full-scale sat on March 22nd.The timing is Announcement from the CEOWHO Said“$ 100B + $ UST in $ BTC Reserve opens a new financial era for Bitcoin standards.”
The algorithm’s stablecoin, TerraUSD (UST), is fixed at the value of the US dollar, and the value of these “dollars” is supported by Bitcoin reserves. Terra’s native token, Terra (LUNA), It also plays a role in creating stablecoin.
As a result, Kwon has been stacking sat harder and faster than the largest Bitcoin Bull. According to Bitcoin Treasuries, Terraform Labs will soon avoid Tesla as the second largest holder of Bitcoin with a view to MicroStrategy.
Related: MicroStrategy’s subsidiary buys Bitcoin after signing a $ 205 million crypto mortgage loan
Ultimately, Kwon’s purpose, as he says in the next video, is to secure Bitcoin funding comparable to that of Satoshi Nakamoto, the anonymous creator of Bitcoin.
Just getting started pic.twitter.com/dJrkf6YfrR
— TerraLunaaaa (@TerraLunaaaa) March 30, 2022
on the other hand, Low price behavior over the last 72 hoursTerra purchases appear to be supporting the Bitcoin market while LUNA is supporting the Bitcoin market I’m hitting a new high.
