The nonprofit Luna Foundation Guard (LFG) has slowed the pace of bitcoin purchases after an active recovery in the market. This is stated in the Arcane Research report.

According to experts, after the final conversion of stablecoins allocated for this purpose, LFG reserves will reach 65,000 BTC-70,000 BTC. The specific value will be determined according to market conditions.

Analysts did not rule out that the price action of the first cryptocurrency up to $ 48,000 at the end of March was based on the purchase of 21,000 BTC by the organization. During the first ten days after the start of the initiative, more than $ 100 million per day was allocated for these purposes.

After March 31, the nonprofit only returned to shopping on April 6 and 10. Experts emphasized that such tactics allow replenishing reserves at lower prices.

Luna Foundation Guard reserves are worth $2.44 billion at the time of this writing. 70% (42,530 BTC, $1.71 billion) is in Bitcoin, the remaining $550 million is in USDT, USDC and LUNA.

LFG was established in January 2022. Its purpose is to enhance the Terra ecosystem and increase the sustainability of UST. The organization is overseen by an independent board of directors, which includes industry experts and heads of crypto companies, including Terraform Labs founder Do Kwon.

As a reminder, on April 14, 2022, Terraform Labs transferred an additional 10 million LUNA worth ~$880 million to LFG.

Earlier, LFG and Terraform Labs announced that they will invest $200 million in Avalanche project AVAX tokens. The aim is to expand reserves and increase the sustainability of the UST.