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The Block director of news discusses Terra buying $10B worth of bitcoin
The CEO of the company behind the Terra blockchain confirmed it had bought over $1 billion in bitcoin since the end of January. Terra continues with its frequent bitcoin purchases by accumulating nearly $ million more worth of BTC today. The founder of Terraform Labs, Do Kwon, said the firm plans to buy $10B worth of bitcoins to ensure the stability of the Terra USD (UST).