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crypto.news 2025-01-23 04:41:42

WLFI invests $9.84M in wBTC, total crypto holdings reach $365M

Trump family-backed WLFI’s recent $9.84 million wBTC purchase raises its total crypto holdings to $365 million. World Liberty Financial (WLFI), a crypto project tied to the Trump family, has intensified its aggressive push into digital assets. Over the past three days, the fund has invested a staggering $178.2 million across six tokens, including Ethereum ( ETH ), Wrapped Bitcoin ( wBTC ), TRON ( TRX ), Aave ( AAVE ), Chainlink ( LINK ), and Ethena ( ENA ). The latest on-chain data shows that on Jan. 22, WLFI spent $9.84 million to purchase 94.94 wBTC, taking advantage of a price drop. This came just a day after the fund poured $2.65 million into 10.81 million TRX. World Liberty Financial ( @worldlibertyfi ) spent $9.84M to buy 94.94 $WBTC in the past hour during a price dip! In 3 days, the fund has invested $56.82M in 534.1 $WBTC at an average price of $106,379, now down $1.74M (-3%). And overall, a total of $178.2M has been spent on 6… https://t.co/hw42M1Wc58 pic.twitter.com/TapRMagNgB — Spot On Chain (@spotonchain) January 23, 2025 In total, WLFI has acquired 534.1 wBTC for $56.82 million in the last three days, with the token averaging $106,379 per coin. Despite wBTC prices slightly declining since the purchases, the fund appears undeterred, doubling down on its long-term crypto strategy. This buying spree builds on WLFI’s initial $120 million investment, announced by Donald Trump Jr. hours after his father’s inauguration on Jan. 20. To commemorate the inauguration of Donald J. Trump as the 47th President of the United States, $WLFI is proud to announce the following strategic purchases today: $47,000,000 ETH $47,000,000 wBTC $4,700,000 Aave $4,700,000 LINK $4,700,000 TRX $4,700,000 ENA Excited for the… — Donald Trump Jr. (@DonaldJTrumpJr) January 21, 2025 That initial allocation included $47 million each for Ethereum and wBTC, with $4.7 million distributed among TRX, AAVE, LINK, and ENA. As of Jan. 23, the fund’s ongoing acquisitions have brought its total crypto holdings to approximately $365.5 million, cementing its position as a major institutional player in the digital asset space. Adding further intrigue is WLFI’s relationship with TRON. In November 2024, TRON’s founder, Justin Sun, announced a $30 million investment in WLFI. Sun tweeted: “The U.S. is becoming the blockchain hub, and Bitcoin owes it to realDonaldTrump! TRON is committed to making America great again and leading innovation.” We are thrilled to invest $30 million in World Liberty Financial @worldlibertyfi as its largest investor. The U.S. is becoming the blockchain hub, and Bitcoin owes it to @realDonaldTrump ! TRON is committed to making America great again and leading innovation. Let's go! pic.twitter.com/cISTsVYP1f — H.E. Justin Sun 🍌 (@justinsuntron) November 25, 2024

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