Terra founder Do Kwon said that in the future they will become the largest Bitcoin (BTC) holder in the world. Do Kwon claims to become the largest Bitcoin holder after Satoshi Nakamoto by continuously purchasing Bitcoin for building reserves for the UST stablecoin. The LUNA Foundation Guard (LFG), a non-profit for the Terra ecosystem, will purchase BTCs for building UST’s Bitcoin reserve of $10 billion.
Terra Founder Do Kwon Declares Future Bitcoin Plans
Crypto reporter Colin Wu announces in a tweet on March 30 regarding the future plans of Terra founder Do Kwon on bitcoin holding and building the UST’s Bitcoin reserve. The tweet reads:
“Terra founder Do Kwon said that they will become the world’s largest single Bitcoin holder other than Satoshi Nakamoto in the future. He emphasized that the UST’s Bitcoin reserve target remains at $10 billion.”
In a recent interview, the Terra founder revealed the plan to create a bitcoin reserve of $10 billion for its UST stablecoin, from
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