Nonprofit Luna Foundation Guard (LFG) purchased another 37,863 BTC for a total of ~$1.5 billion. The transaction was completed on the OTC market mediated by Genesis Global Trading and Three Arrows Capital.

1/ LFG bought another 37,863 Bitcoins in OTC swaps, totaling ~$1.5 billion. @GenesisTrade and 3AC. https://t.co/Ezzfwl7VFn

— LFG | Guardian of the Luna Foundation (@LFG_org) May 5, 2022

LFG traded 1 million UST for $1 billion worth of bitcoin through Genesis Global Trading and purchased $500 million worth of cryptocurrency from Three Arrows Capital. The average asset purchase price was $39,616.

In total, the organization has 80,394 BTC on its balance sheet (~$2.98 billion at current exchange rate). According to LFG’s own data, he is one of the top 10 Bitcoin holders.

3/ Deals make LFG one of the top 10 holders of BTC.https://t.co/hkthpEsDAW

BTC received will be updated in the LFG dashboard below to reflect additions accordingly. https://t.co/IKQmFhPNdE

— LFG | Guardian of the Luna Foundation (@LFG_org) May 5, 2022

On May 5, digital gold prices approached $36,500. According to CoinGecko, at the time of writing, bitcoin is trading around $37,000, which is well below the price at which LFG bought the cryptocurrency.

Recall that Do Kwon, founder of Terraform Labs, said that to sustainably secure the UST stablecoin, it is necessary to raise a $10 billion reserve bitcoin fund.