World Liberty Financial (WLFI) Has Acquired $3 Million Worth of Mantle (MNT) Tokens

This move comes as the President Trump-backed decentralized finance (DeFi) project faces a significant unrealized loss exceeding $100 million.

World Liberty Financial (WLFI) has reportedly acquired $3 million worth of Mantle (MNT) tokens, adding to its cryptocurrency portfolio.

This latest investment comes as the President Trump-backed decentralized finance (DeFi) project faces a significant unrealized loss exceeding $100 million.

World Liberty Financial Diversifies Portfolio Amid Troubling Total

According to data from LookonChain, WLFI used $3 million Tether (USDT) to invest in 3.54 million MNT tokens at an average price of $0.84 per token.

This latest investment follows World Liberty Financial’s acquisition of Avalanche (AVAX) and MNT tokens just last week. At that time, the company spent $2 million to invest in 2.45 million MNT tokens at an average price of $0.81 per token.

With this latest addition, WLFI’s MNT holdings total 5.98 million tokens, valued at $5 million.

Following the announcement, the altcoin saw a modest price increase. According to BeInCrypto data, its value rose 7.3% in the past 24 hours. At press time, MNT was trading at $0.84. The token’s trading volume also surged by 72.7%, highlighting a notable spike in market activity and investor interest.

However, the positive change was isolated, as WLFI’s broader portfolio presented a bleak picture. Despite its continued investments, most of its holdings are declining.

The firm has invested $346 million in total across 11 tokens. Its holdings include major cryptocurrencies like Ethereum (ETH), Wrapped Bitcoin (WBTC), Tron (TRX), Chainlink (LINK), Aave (AAVE), Ethena (ENA), Movement (MOVE), Ondo (ONDO), Sei (SEI), AVAX, and MNT.

Nonetheless, the portfolio’s current value is just $234.6 million at current market prices. As a result, WLFI is facing a loss of $111.4 million.

Further insights from SpotOnChain highlighted that since the market downturn in late February, WLFI has spent $28.6 million to acquire six assets. Other than AVAX and MNT, these include ETH, WBTC, MOVE, and SEI. Notably, the firm is currently holding an unrealized loss of $1.62 million on these assets.

As the crypto market continues to struggle, it will be interesting to see if World Liberty Financial adjusts its investment strategy or if it continues to expand its cryptocurrency portfolio despite the ongoing losses.