Highlights:
- Donald Trump-backed investment platform has increased its WBTC token holdings.
- The investment firm spent $9.84 million on its purchase, bringing its entire valuation to approximately $350 million.
- WLFI now has over 500 WBTC tokens, which ranks as the second most valuable asset in the company’s portfolio.
According to the renowned on-chain crypto transactions tracker, Spotonchain, Donald Trump’s family-backed investment firm, World Liberty Financial (WLFI), has increased its crypto holdings. In its most recent procurement, Spotonchain stated that the investment firm bought an additional 94.94 Wrapped Bitcoin (WBTC) tokens worth $9.84 million. With the fresh purchases, WLFI crypto holdings spiked to about $350 million.
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Additionally, the on-chain tracker disclosed that in the past three days, WLFI has poured $56.82M into procuring 534.1 WBTC. The investment firm purchased the tokens at an average selling price of $106,379. Currently, the entire WBTC investment has dropped by 3%, which invariably implies that WLFI is forfeiting $1.72 million based on the WBTC’s current price.
As expected, Spotonchain mentioned that the investment firm capitalized on WBTC’s slight price drop to increase its holdings. For context, the token is changing hands at about $101,800, reflecting a 3.6% decline in the past 24 hours. It has a market capitalization of $13.177 billion and a 24-hour trading volume of $702.9 million.
Aside from WBTC, the Trump-backed investment firm also bought other crypto assets within the same window it used to purchase WBTC. Per Spotonchain, WLFI acquired five other tokens, which include Ethereum (ETH), Tron (TRX), Aave (AAVE), Chainlink (LINK), and Ethena (ENA). These tokens cost the investment outlet $178.2 million.
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
WBTC Ranks as Second Most Valuable Asset in WLFI’s Rich Crypto Portfolio
According to Arkham Intelligence’s WLFI crypto portfolio data, the investment firm’s entire valuation has reached exactly $351.63 million. Ethereum remains the highest-ranking asset in the company’s crypto stores. WLFI has 56.252K ETH tokens valued at about $180.36 million. WBTC followed in second place with a total valuation of $56.2 million for the over 500 tokens.
Aside from the stablecoins, USD Coin (USDC) and Tether (USDT), which WLFI holds in a significant proportion, the company also has 3.199K Staked Ethereum (STETH), worth $32 million. In addition, its TRX holdings have reached 30.107 million coins worth $7.47 million.
WLFI Crypto Acquisitions Reach Significant Levels on Trump’s Inauguration Day
Before Trump’s inauguration started becoming trendy, WLFI’s entire crypto holdings were valued significantly below $100,000,000. However, the token stores jumped as the event drew closer. On January 20, the investment firm announced its completed strategic purchase to commemorate Trump’s inauguration as the 47th United States president.
In the tweet relaying the acquisitions on X, WLFI stated that it spent $47 million twice on Ethereum and WBTC. Additionally, it splashed $4.7 million each on TRX, AAVE, LINK, and ENA purchases. The four and seven figures in the amounts spent for each token was a deliberate attempt to make Trump’s 47th president title an obvious entity.
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 ENAExcited for the…
— WLFI (@worldlibertyfi) January 20, 2025
Justin Sun Credits Crypto Trading Success to Donald Trump and WLFI
In other news relating to the Trump-backed investment company, Chinese-born businessman and the founder of the Tron Blockchain, Justin Sun, recently shared a tweet where he attributed his success in trading cryptocurrencies to Trump and WLFI. It is worth noting that Sun is a major shareholder in WLFI after investing $75 million in the company.
Still, in the same tweet, the Tron founder spoke about two tokens related to the United States president: His meme TRUMP token and investment firm-dedicated WLFI coin. Sun said that both crypto assets are bound to perform exceptionally well in the crypto market.
In my view, if I have made any money in cryptocurrency, all credit goes to President Trump @realDonaldTrump. Both Trump Coin and World Liberty Financial are bound to perform exceptionally well.
— H.E. Justin Sun 🍌 (@justinsuntron) January 22, 2025
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