World Liberty Financial, co-founded by Donald Trump, has resumed its active investment in cryptocurrency amid the market's recovery.
World Liberty Financial's Crypto Purchases
According to on-chain analytics platform Spot On Chain, World Liberty Financial spent about $21.5 million buying Ethereum (ETH), Wrapped Bitcoin (WBTC), and Movement (MOVE) in the last 24 hours. The company bought 4,468 ETH at $2,238 per coin and 100.6 WBTC at $90,420 per coin. It also acquired 3.42 million MOVE for about $1.5 million. Before the purchase, World Liberty Financial moved 25 million USD Coin (USDC) to a new multi-signature wallet, which still holds 3.5 million USDC after the transactions.
Market Recovers Ahead of White House Summit
World Liberty Financial's purchases coincide with a broader crypto market rally, which has seen an over 4% increase in the last 24 hours. Bitcoin has regained its footing at $91,714.33. This recovery comes just before the first-ever White House Crypto Summit.
Expectations for the First White House Crypto Summit
U.S. President Donald Trump is preparing to welcome leading Web3 industry executives to the White House. Confirmed attendees include executives from Coinbase, Chainlink, and other key industry figures. The event is expected to include over 25 participants from the Presidential Working Group on Digital Assets, although the final guest list may be smaller than initially anticipated.
World Liberty Financial's actions and the upcoming White House summit highlight growing interest in cryptocurrencies amid a recovering market.
