World Liberty Financial (WLF) Reportedly Purchased 4,563 Ether (ETH) Ahead of Donald Trump's Inauguration

World Liberty Financial (WLF), the crypto project backed by the Trump family, reportedly purchased 4,563 Ether (ETH), worth US$15 million

World Liberty Financial (WLF), a crypto project backed by the Trump family, purchased 4,563 Ether (ETH) on January 19, the day before Donald Trump's inauguration ceremony, according to a report by Blockworks on Monday, January 23.

The purchase, valued at around US$15 million (AU$24.3 million), was made at an average price of US$3,287 (AU$5,309). It now brings WLF's total crypto holdings to roughly US$98 million (AU$158 million).

According to data from Arkham Intelligence, WLF currently has a portfolio valued at US$181 million (AU$292 million), with ETH accounting for over 55% of the total holdings.

The news had a short-lived positive effect on ETH, which is now down to US$3,174 (AU$5,127), a 3.62% decrease from yesterday, according to data from CoinMarketCap.

A person familiar with the matter told Blockworks that WLF is also planning to acquire Tron (TRX) tokens for its treasury.

The move would strengthen WLF’s existing relationship with the Tron ecosystem. Its founder, Justin Sun, holds a key advisory role in Trump’s crypto venture.

Sun is also the largest individual holder of the WLFI token, with around US$30 million (AU$48 million) invested in the project since November of last year.

The TRX acquisition would further align WLF's treasury strategy with projects linked to Sun and the Tron network.

While the specific amount of TRX that WLF plans to purchase was not disclosed, the firm has previously allocated significant funds to tokens like AAVE and LINK, issued by projects with which it has partnerships.

These investments were funded by the US$90 million (AU$145 million) that WLF raised through sales of its WLFI token.

A delegation from Tron is set to attend Trump’s inauguration on Monday. The project also played a prominent role in sponsoring the Crypto Ball, the industry’s first gala event, which was held on Friday in Washington, DC.