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First Mover Asia: Terra Is 2022’s Version of Corporate Bitcoin Buying; Cryptos Hold Steady in Weekend Trading

The Luna Foundation Guard now holds about $1.7 billion in bitcoin, but crypto markets seem unimpressed with its purchases this year; bitcoin and ether are flat.

Terraform Labs CEO Do Kwon on CoinDesk TV in December, 2021. (CoinDesk screenshot)
Terraform Labs CEO Do Kwon on CoinDesk TV in December, 2021. (CoinDesk screenshot)