Here’s Who’s Behind Significant Changes to Bitcoin’s Holder Landscape
Terra’s Great Accumulation Has BegunChallenging MicroStrategy’s Supremacy?
Terra’s Luna Foundation Guard began aggressively buying Bitcoin (BTC); According to IntoTheBlock stats, this policy has already impacted one of the most interesting segments of Bitcoin (BTC) wallets.
Terra’s great accumulation has begun
According to statistics shared by leading on-chain data providers IntoTheBlock, Luna Foundation Guard (LFG), a monitoring unit of Terra (LUNA) blockchain, has been impacting Bitcoin (BTC) marks with its buying frenzy.
Terra’s $3 Billion Accumulation – One of the Biggest New Holders for Bitcoin Was Terra’s #Luna Foundation guard
— IntoTheBlock (@intotheblock) March 25, 2022
As revealed by IntoTheBlock, Terra’s LFG is one of the largest new Bitcoin (BTC) holders in March 2022. Most likely, wallets with 1,000-10,000 Bitcoins (BTC) are the ones involved in the purchase.
The IntoTheBlock team has attached a chart showing a significant increase in the number of Bitcoin (BTC) wallets in the 1K-10K segment. This statistic broke the previous historic high and is growing rapidly.
A few days ago, this statistic overshadowed 2,200 wallets.
Challenge the supremacy of MicroStrategy?
As previously described by U.Today, Terra’s LFG began executing its massive plan to inject $11.2 billion into the largest cryptocurrency.
They recently spent the first amount of money (equivalent to $125 million) to implement these plans.
Should this scenario materialize, Terra’s LFG would surpass the largest corporate Bitcoin (BTC) holder, Microstrategy, in the coming weeks.
At the time of writing, Microstrategy is responsible for $5.5 billion worth of Bitcoin (BTC).