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Finbold 2025-01-28 10:53:11

Trump’s World Liberty Fi buys more Ethereum

Trump’s World Liberty Financial (WLFI) has once again solidified its position as a formidable player in the cryptocurrency sector, announcing a substantial acquisition on January 27, 2025. In this latest move, WLFI invested $10 million in USDT to purchase 3,247 Ethereum ( ETH ) at an average price of $3,080 per token. This acquisition builds on a series of high-profile transactions by the blockchain-focused initiative, which is spearheaded by President Donald Trump and his vision to establish the United States as a global leader in digital assets. With this purchase, WLFI’s Ethereum holdings have surged to 59,403 ETH, valued at approximately $190 million at current market prices. Alongside its significant position in Wrapped Bitcoin ( WBTC ), which now stands at 646,715 WBTC valued at $66.43 million, the organization’s overall cryptocurrency portfolio has grown to an impressive $392.8 million, according to data retrieved by Finbold from blockchain analytics platform Arkham Intelligence . DONALD TRUMP’S PROJECT WORLD LIBERTY FI JUST BOUGHT ETH pic.twitter.com/uggBxVJL3H — Arkham (@arkham) January 27, 2025 Trump’s symbolic moves The timing of WLFI’s aggressive crypto purchases is noteworthy. On January 20, 2025, coinciding with President Trump’s inauguration as the 47th President of the United States, WLFI announced the acquisition of $47 million in Bitcoin and $47 million in Ethereum. The purchases come as part of a larger effort to establish a national digital asset reserve, a concept championed by Trump to ensure the United States remains at the forefront of blockchain innovation. Trump’s push for a crypto-friendly environment President Trump has been vocal about his intentions to dismantle the restrictive regulatory framework imposed by the previous administration, which many in the blockchain community viewed as a significant barrier to innovation. In a historic move, Trump recently signed an executive order mandating an exploration of a strategic national Bitcoin and cryptocurrency reserve. World Liberty Financial’s rapidly expanding portfolio is emblematic of its broader ambitions to dominate the decentralized finance (DeFi) space. By accumulating substantial holdings in assets like Ethereum and Wrapped Bitcoin, WLFI is not merely speculating on short-term market movements—it is laying the groundwork for long-term influence in the digital economy. The organization’s significant investment in Ethereum, a cornerstone of the DeFi ecosystem, highlights its recognition of Ethereum’s pivotal role in enabling decentralized applications, smart contracts, and staking mechanisms. Furthermore, its ongoing accumulation of WBTC underscores a strategy aimed at leveraging Bitcoin’s liquidity within the Ethereum blockchain. As WLFI’s holdings near the $400 million mark, the initiative is poised to play a critical role in the evolution of decentralized finance and cryptocurrency adoption Featured image via Shutterstock The post Trump’s World Liberty Fi buys more Ethereum appeared first on Finbold .

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