World Liberty Financial buys $112.8 million in crypto on Trump's first day in office

theblock.co 21/01/2025 - 03:31 AM

World Liberty Financial Acquires $112.8 Million in Cryptocurrencies

World Liberty Financial, a DeFi project linked to U.S. President Donald Trump, acquired approximately $112.8 million worth of cryptocurrencies on his first day in office.

On Monday, the crypto project supported by Trump’s family diversified its treasury by purchasing six types of tokens, which included:

  • $47 million worth of Ether (ETH)
  • $47 million worth of Wrapped Bitcoin (WBTC)
  • $4.7 million each in Aave (AAVE), LINK, TRX, and ENA

The project stated the purchases were made to “commemorate the inauguration” of Trump, the 47th U.S. President.

With this acquisition, World Liberty increased its Ether holdings to 57,115 ETH, valued at approximately $185.14 million, based on current market prices from Arkham Intelligence. This represents over half of its portfolio’s value.

The project’s current holdings include:
– $54 million in USDC
– $46.5 million in 456.7 WBTC
– $15.3 million in 4,747 STETH
– $6.6 million in 19,399 AAVE
– $6.2 million in 256,315 LINK
– $4.8 million in 5.8 million ENA
– $4.6 million in 19.3 million TRX

These purchases followed the sale of 20% of its 100 billion WLFI token supply late Sunday, with an additional 5 billion tokens (5% of the supply) being made available. Since October 2024, World Liberty has raised $300 million through these pre-sales according to Dune Analytics.

Additionally, Tron Founder Justin Sun announced on an X post that Tron DAO invested another $45 million in WLFI, raising its total investment to $75 million. Sun became an advisor to World Liberty Financial in November after his project initially invested $30 million in WLFI.




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