Terra Backers Buy $200M in AVAX Tokens, Bolstering Crypto Reserves Beyond BTC

Terra Backers Buy $200M in AVAX Tokens, Bolstering Crypto Reserves Beyond BTC

“AVAX is an excellent reserve asset to complement bitcoin [BTC] in the LFG treasury,” Ava Labs President Jon Wu told CoinDesk via Telegram. “This is just the beginning for these two communities together. We’ll see more assets, applications, and novel subnet collaborations flourish out of this new connection.”

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