World Liberty Financial, a DeFi platform affiliated with President Donald Trump and members of his family, added approximately 439 Wrapped Bitcoin—or about $47 million worth at the time of purchase—to its balance amid the inauguration Monday.
Ten separate transactions were made by the platform that counts Trump, his children and other advisors as its members. Nearly 47 million dollars worth of swaps worth of stablecoins for Wrapped Bitcoin or WBTC—an Ethereum token that is redeemable 1:1 for Bitcoin.
WLF holds Wrapped Bitcoins worth $47.3 million. This makes BTC the third largest holding behind only Ethereum. USDC—a dollar-pegged Stablecoin.
The platform’s additions come just one day after its Web3 Ambassador—Eric Trump, the president’s son—foreshadowed action. Comments on a Tweet from Lookonchain, formerly Twitter’s on-chain analysis account. Buy a platform Trump said that Ethereum was a good investment. “Wait until you see what they do tomorrow!”
In the past two days it has bought nearly $100,000,000 worth of crypto assets, which all appears to belong to its “regular treasury management.”
“We’re making routine movements of our crypto holdings as part of regular treasury management, and payment of fees and expenses and to address working capital requirements,” It was said last week in an online post.
According to the report, AAVE, LINK and ENA are each worth more than five million dollars. Arkham Intelligence
World Liberty Financial posted on Monday that they had bought Ethereum and Wrapped bitcoin worth $47 million, plus $4.7 million of Aave LINK TRX ENA and Aave worth $4.7 million to commemorate the inauguration ceremony of the 47th US president.
Today, to commemorate Donald J. Trump’s induction as the 47th US President, $WLFI proudly announced the strategic purchases below:
47,000,000 $ ETH
47,000,000 $ wBTC
As much as $4.700,000.
4 700 000 $ LINK
4 700 000 TRX
4 700 000 ENAExcited for the…
— WLFI (@worldlibertyfi) January 20, 2025
WLF has now sold out of its tokens after struggling initially to sell them. “concluded its mission” Late Sunday night, the company sold 20% of tokens and then opened an extra 5% of them to the public. More than 3 billion WLF tokens As of the date this post was written, there are still some available at a price of $0.05 per piece.
Bitcoin is a mark of a cryptocurrency new all-time high The price was $108,786 in the early morning hours of Monday before Trump’s inaugural. The price has dropped to $102,780.
Andrew Hayward edited the book