Terra buys bitcoin

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Terra Luna Classic - All Eyes on Bitcoin ETF and LUNA Trial
The Luna Foundation Guard has acquired $ billion in bitcoin to bolster the reserves of its most popular stablecoin, known as U.S. Terra. Terra's purchases are partly in response to criticism around UST. The stablecoin is not backed by a fiat currency like centralized stablecoins. With this latest transaction, the Luna Foundation Guard is getting closer to its objective of amassing $10 billion in bitcoin to support Terra's own stablecoin.