Trump’s WLF Acquires Over $100M in Crypto on Inauguration
World Liberty Financial buys $47M in ether and $47M in wrapped bitcoin on Trump’s first day in office to expand its crypto holdings.
World Liberty Financial, a DeFi project associated with the U.S. President Donald Trump and his family, bought $112.8m worth of cryptocurrencies on the first day of Trump’s presidency.
The project celebrated the inauguration by expanding the treasury with different tokens, such as Ether (ETH) worth $47 million and Wrapped Bitcoin (WBTC) worth $47 million.
Other tokens bought by World Liberty include $4.7 million AAVE, $4.7 million LINK, $4.7 million TRX, and $4.7 million ENA. This increased the project’s Ether balance to 57,115 ETH, which at the time of writing is worth $185.14 million, and accounts for over 50% of the project’s portfolio.
Currently, World Liberty’s treasury includes 54 million USDC ($54 million), 456.7 WBTC ($46.5 million), 4,747 STETH ($15.3 million), 19,399 AAVE ($6.6 million), 256,315 LINK ($6.2 million), 5.8 million ENA ($4.8 million), and 19.3 million TRX ($4.6 million).
This acquisition comes after a significant development for World Liberty after it sold 20% of its 100 billion WLFI tokens and has raised $300 million since October 2024. The project also recently launched the sale of 5% more tokens, with Tron Founder Justin Sun investing $45 million to the WLFI project.
The latest moves show that World Liberty is expanding its presence in the DeFi sector as it increases its crypto assets and develops cooperation with such personalities as Sun.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
D.O.G.E. comes into effect by order on Day 1 of Trump Office
Ripple vs SEC: John Deaton Says SEC Appeal Likely to Fail
Deaton believes that the appeal of the SEC is weak. In the past, Judge Torres decided that the SEC did not meet certain requirements.
Vivek Ramaswamy exits DOGE role as Elon Musk takes control
Ramaswamy leaves DOGE for possible Ohio bid as Musk spearheads federal streamlining.
SEC unveils crypto task force led by ‘Crypto Mom’ Hester Peirce to forge new regulatory path
The new task force aims to avoid regulation by enforcement and will cooperate with other US agencies.