http://jaberwalk.victoryc.hop.clickbank.net/
Watch out Michael Saylor! Do Kwon, the CEO of Terraform Labs is hot on the Microstrategy CEO’s heels. The Terra wallet has now amassed almost $1.5 billion in Bitcoin (
$79,325.00 ) (BTC) following another huge BTC purchase.
The wallet address thought to belong to Terra (while not officially confirmed) received another 2943.00002511 Bitcoin ( $79,325.00 ) ($139 million) on Wednesday. Wallet alert accounts on Twitter have been tracking the wallet.
The wallet began amassing colossal amounts of Bitcoin ( $79,325.00 ) on Jan. 21 and has not sold a single Satoshi.
Terra Bitcoin ( $79,325.00 ) wallet gradually then suddenly amassing billions in BTC. Source: bitinfocharts
According to the chart, while the wallet first injected almost 10k Bitcoin ( $79,325.00 ) on 21st Jan, the wallet began stacking sats in earnest on March 22nd. The timing coincides with announcements from the CEO, who stated that “$UST with $10B+ in $BTC reserves will open a new monetary era of the Bitcoin ( $79,325.00 ) standard.”
TerraUSD (UST), an algorithmic stablecoin, would be pegged to the value of the United States dollar, and the value of these ‘dollars’ will be backed by Bitcoin ( $79,325.00 ) reserves. Terra’s token Terra (LUNA) will also play a role in the creation of the stablecoin.
As a result, Do Kwon has been stacking sats harder and faster than even the biggest Bitcoin ( $79,325.00 ) bulls. According to Bitcoin ( $79,325.00 ) Treasuries, Terraform Labs will soon sidestep Tesla as the second-largest holder of Bitcoin ( $79,325.00 ) –with Microstrategy in its sights.
Current state of publicly traded companies with Bitcoin ( $79,325.00 ) treasuries. Terra will soon rival Tesla. Source: Bitcoin ( $79,325.00 ) treasuries.et
Related: MicroStrategy subsidiary will purchase Bitcoin ( $79,325.00 ) after closing $205M crypto-collateralized loan
Ultimately, Do Kwon’s aim –as he says in the following video– is to ensure his Bitcoin ( $79,325.00 ) coffers rival that of Satoshi Nakomoto, the anonymous creator of Bitcoin ( $79,325.00 ) .
Just getting started pic.twitter.com/dJrkf6YfrR
— TerraLunaaaa (@TerraLunaaaa) March 30, 2022
Meanwhile, with lackluster price action over the past 72 hours, it would appear that Terra’s buys are propping up the Bitcoin ( $79,325.00 ) market, while LUNA is hitting new highs.
