Market Cap: $2.9006T -1.400%
Volume(24h): $108.6983B -15.750%
  • Market Cap: $2.9006T -1.400%
  • Volume(24h): $108.6983B -15.750%
  • Fear & Greed Index:
  • Market Cap: $2.9006T -1.400%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top News
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
bitcoin
bitcoin

$91950.782490 USD

5.02%

ethereum
ethereum

$2294.491836 USD

4.33%

xrp
xrp

$2.509390 USD

2.51%

tether
tether

$1.000095 USD

0.02%

bnb
bnb

$607.189640 USD

2.41%

solana
solana

$149.261380 USD

4.01%

usd-coin
usd-coin

$0.999917 USD

-0.03%

cardano
cardano

$0.944236 USD

0.60%

dogecoin
dogecoin

$0.214017 USD

7.05%

tron
tron

$0.245479 USD

1.44%

pi
pi

$1.907150 USD

0.33%

chainlink
chainlink

$17.337094 USD

13.85%

hedera
hedera

$0.248356 USD

-2.66%

stellar
stellar

$0.300477 USD

1.02%

unus-sed-leo
unus-sed-leo

$9.918046 USD

0.25%

Cryptocurrency News Articles

World Liberty Finance Doubles Down on Ethereum with New Crypto Portfolio Acquisitions

Mar 06, 2025 at 11:43 pm

Trump-backed crypto firm World Liberty Finance has added nearly $21 million worth of crypto to its holdings.

World Liberty Finance Doubles Down on Ethereum with New Crypto Portfolio Acquisitions

Investment firm World Liberty Finance, which counts former President Donald Trump as a shareholder, has expanded its cryptocurrency portfolio with major acquisitions, according to blockchain data.

The firm, known for its diverse investment strategy and willingness to take on significant risk, has used $25 million of USD Coin (USDC) to purchase Ethereum (ETH), Wrapped Bitcoin (WBTC), and Movement (MOVE), among other tokens, according to Spotonchain X.

Specifically, WLFI bought 4,468 ETH for nearly $10 million at a rate of $2,238, 110.6 WBTC for about $10 million at a price of $90,420, and 3.42 million MOVE for approximately $1.5 million at an average of $0.43.

After the purchases, about $3.5 million USDC remained in the wallet.

According to Arckham Intelligence, with the latest investment, WLFI has nearly doubled its ETH holdings.

World Liberty Finance now holds over 7,000 ETH, whereas on Monday, it had 2,200.

Its Ethereum investment has increased 180% over the past two days. As such, Ethereum is now the biggest investment of WLFI. This investment company now holds exactly 7,094 ETH, which translates to approximately $16.2 million.

Smaller investments went to the Move (META) token, which saw a 26% surge in the hours following the purchase. The token is the native asset of the Movement network, an Ethereum virtual machine-compatible Blockchain programming language.

In addition to MOVE, USDT, ETH, and WBTC, the Trump-backed firm also holds six other tokens. These include 10 billion WhiteRock, which equals $3.4 million, and 40 million Tron, which is worth nearly $10 million. Other tokens in World Liberty’s holding include ONDO, COLLE, GROK, and HOPPY.

Trump’s crypto firm has also seen some hefty losses. As per Lookonchain, WLFI has seen a loss of $89 million.

This loss was caused by the recent downtrends that started in the first month of Trump’s administration. The trump tariff policy has not worked out greatly for the crypto market. This is because, with worries about the global trade war, investors distance themselves from risky assets like crypto.

Trump also had some good news for the crypto community over the weekend. On Sunday, Trump mentioned that he had ordered his working group to work on the United States’ crypto reserve.

This news sent the market into an explosive uptrend, but soon, the market crashed again as the tariffs went into effect on Monday.

Furthermore, as Trump and his people own more than 60% of World Liberty Finance, some have doubted his motivations.

Some believe he has been just hyping up the market to increase the value of tokens in WLFI’s holding.

WLFI and the Trump Effect:

Trump’s crypto policies introduce another layer of complexity to WLFI’s future. With the administration supporting a U.S. crypto reserve, regulatory clarity and institutional interest could rise. This shift might foster market stability and encourage long-term growth.

However, fears of market manipulation persist, especially due to WLFI’s close ties with Trump. Investors must remain cautious, as politically driven price surges may not sustain growth. Short-term profits can be misleading in an unpredictable regulatory landscape.

If tariffs continue pressuring financial markets, crypto may struggle with further downturns.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Mar 07, 2025