February 24, 2022 Luna Foundation Guard raises $1B for UST reserves.

Luna Foundation Guard has raised $1B through a private sale of LUNA, the Terra blockchain’s primary native cryptoasset. The round was led by Jump Crypto and Three Arrows Capital, with participation from Republic Capital, GSR, and Tribe Capital. The funds will be used to establish a BTC-denominated reserve for UST, an algorithmic stablecoin native to Terra.