World Liberty Financial, Linked to Donald Trump's Family, Continues to Invest in Cryptocurrencies Despite Mounting Losses

Data from Lookonchain shows that the firm has once again bought into large quantities of Ethereum (ETH) and MOVE tokens, confirming its persistence to the decentralized finance (DeFi) space.

World Liberty Financial, a company linked to Donald Trump's family, has reportedly continued its foray into cryptocurrencies despite mounting losses on its digital asset portfolio.

According to data from Lookonchain, the firm has once again acquired large quantities of Ethereum (ETH) and MOVE tokens, further cementing its presence in the decentralized finance (DeFi) space.

Specifically, World Liberty Financial snapped up 1,917 ETH, valued at approximately $5 million at the time of purchase, and 830,469 MOVE tokens, worth roughly $470,000. This follows a previous acquisition on January 29, where the company added 3,191 ETH ($10 million) and 2.4 million MOVE tokens ($1.88 million) to its portfolio.

Trump's World Liberty(@worldlibertyfi) bought 1,917 $ETH($5M) and 830,469 $MOVE($470K) again 4 hours ago.https://t.co/Ccmte4953f pic.twitter.com/tJhwHMT3NK

Moreover, the company invested 156,667 USDC to acquire 273,937 MOVE tokens, substantially boosting its holdings of the DeFi token. This repeated focus on MOVE tokens signals the firm's confidence in the token's potential for growth and its strategic role in the DeFi market.

As previously reported by Cointelegraph, World Liberty Financial has incurred significant total losses on its digital asset portfolio, which now stand at $21.78 million. The most substantial hit originates from its Ethereum acquisition, with a loss of $14.9 million.

Related: World Liberty Financial Makes $4.7M Crypto Buy Using TWAP—Here’s Why It Matters

Additional assets such as Wrapped Bitcoin (WBTC), AAVE, and ENA have further eroded the portfolio. For instance, buying 56,317 ETH at $3,373 each resulted in a loss exceeding $14 million, while an acquisition of 647 WBTC incurred a $2 million deficit.

Related: Ethereum, Tron Lead Trump’s World Liberty Financial Altcoin Buying Spree

Further declines in other cryptocurrencies—including AAVE, ENA, TRX, LINK, and MOVE—have compounded the losses. This tally includes a $1.64 million loss on ENA tokens, $227,650 on TRX, and $845,000 on LINK.

Despite these setbacks, Donald Trump Jr. has expressed optimism about the future of World Liberty Financial's crypto strategy.

We are all extremely proud of what we continue to accomplish in crypto. $Trump is currently the hottest digital meme on earth and I truly believe that @WorldLibertyFi will revolutionize DeFi/Cefi and will be the future of finance. We are just getting started! 🚀

He highlighted the Trump family's mission to shape both centralized and decentralized finance, asserting that their crypto journey is only just getting started.

The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.