Donald Trump’s World Liberty Financial has made a significant investment in cryptocurrencies, pouring $336 million into nine digital assets.
WLFI Portfolio: $336 Million in Cryptocurrencies
The fund, backed by the Trump family, has built a diverse crypto portfolio including Ethereum, Wrapped Bitcoin, Tron, among others. This strategic mix includes layer-1 blockchains, DeFi platforms, and liquidity tokens, highlighting a broad investment thesis.
A $21.5 Million Crypto Purchase
On March 6, WLFI executed a major crypto buy worth $21.5 million, acquiring 4,468 ETH for $10 million, 110.6 WBTC for $10 million, and 3.42 million MOVE tokens for $1.5 million using USDC from a multi-signature wallet, with $3.5 million still unspent.
Trump’s Crypto Reserve: Challenges and Prospects
The investment aligns with the Crypto Strategic Reserve initiative, focusing on Bitcoin and Ethereum. Despite controversy, Trump Organization maintains that WLFI is managed by his children and independent professionals.
WLFI's investments in cryptocurrencies could significantly impact the market, though ethical and conflict of interest questions arise.
