World Liberty Financial (WLFI), a decentralized finance (DeFi) project associated with Donald Trump, made headlines by acquiring $112.8 million worth of cryptocurrencies on the day Donald Trump took office as the 47th President of the United States.
Although the timing and magnitude of this move raised eyebrows, it also highlighted WLFI's strategy to cement its presence in the digital asset market.
The acquisition, which included Ether, Wrapped Bitcoin and other tokens, signals WLFI's ambition to use crypto as a cornerstone of its financial model, given changing global financial dynamics.
What did WLFI buy?
World Liberty Financial’s cryptocurrency purchase is notable not only for its size but also for its timing.
The project acquired $47 million worth of Ether and an equivalent amount of Wrapped Bitcoin, as well as $4.7 million each in Aave, LINK, TRX, and ENA.
This move diversifies WLFI's treasury holdings, which now include over 57,115 Ether worth $185.14 million and 456.7 Wrapped Bitcoin worth $46.5 million, according to Arkham Intelligence.
The decision to expand the crypto portfolio is in line with WLFI's broader financial strategy. By investing in highly liquid assets such as Ether and Bitcoin, as well as niche tokens, WLFI is positioning itself as a significant player in the DeFi landscape.
This diversification also serves as a hedge against market volatility and provides stability to the $300 million treasury, which has been bolstered by successful token sales.
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#TTC WLFI
World Liberty Financial (WLFI), a decentralized finance (DeFi) project associated with Donald Trump, made headlines by acquiring $112.8 million worth of cryptocurrencies on the day Donald Trump took office as the 47th President of the United States.
Although the timing and magnitude of this move raised eyebrows, it also highlighted WLFI's strategy to cement its presence in the digital asset market.
The acquisition, which included Ether, Wrapped Bitcoin and other tokens, signals WLFI's ambition to use crypto as a cornerstone of its financial model, given changing global financial dynamics.
What did WLFI buy?
World Liberty Financial’s cryptocurrency purchase is notable not only for its size but also for its timing.
The project acquired $47 million worth of Ether and an equivalent amount of Wrapped Bitcoin, as well as $4.7 million each in Aave, LINK, TRX, and ENA.
This move diversifies WLFI's treasury holdings, which now include over 57,115 Ether worth $185.14 million and 456.7 Wrapped Bitcoin worth $46.5 million, according to Arkham Intelligence.
The decision to expand the crypto portfolio is in line with WLFI's broader financial strategy. By investing in highly liquid assets such as Ether and Bitcoin, as well as niche tokens, WLFI is positioning itself as a significant player in the DeFi landscape.
This diversification also serves as a hedge against market volatility and provides stability to the $300 million treasury, which has been bolstered by successful token sales.