Luna Foundation Guard (LFG), a nonprofit associated with the Terra Luna ecosystem, has reportedly secured $1.5 billion of additional capital injection, to widen the scope of its current Bitcoin (BTC) reserves.

Specifically, the freshly occurred raise reportedly gave LFG the necessary means to 37,863 BTC via over-the-counter swaps with broker Genesis Trading, along with an additional purchase from Three Arrows Capital, a top-tier crypto venture capital entity. 

The detailed breakdown of the deal reportedly included a $1 billion over-the-counter swap with Genesis for $1 billion in UST and a $500 million BTC purchase from Three Arrows Capital, as revealed by the firm.

At the moment, LFG has approximately $3.5 billion equivalent of BTC in possession, which places it in the the top-10 holders list across the globe, according to CNBC. 

With its most recent acquisition, Luna Foundation Guard has reportedly taken an additional stride towards its target of accumulating a maximum of $10 billion in Bitcoin to support algorithmic stablecoin U.S. Terra, alternatively referred to as UST. 

LFG reportedly finalized the acquisition of $139 million equivalent in BTC in late March, around two months after the firm started to amass serious quantities of the virtual asset. 

Do Kwon, the Head of Terraform Labs, additionally shared that his target is to build up a Bitcoin stash that rivals that of Satoshi Nakamoto, the digital asset’s pseudonymous creator.

UST has been gathering the reputation as the most preferred algorithmic stablecoin, possessing a market capitalization of more than $18.6 billion, per insights generated by CoinMarketCap. Only Tether (USDT) and USD Coin (USDC) place above it in terms of market value and circulating supply.