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WLFI Expands Crypto Holdings with $5.47M ETH and MOVE Purchase

Highlights:

  • WLFI has splashed $5.47 million in new crypto investments involving Ethereum and MOVE.
  • The investment firm bought 830,469 MOVE coins and 1,917 ETH tokens.
  • Trump’s company unrealized losses hit over $50 million amid market declines.

The United States President-backed crypto investment firm, World Liberty Financial (WLFI), has increased its crypto holdings with a fresh investment worth $5.47 million. As usual, the renowned on-chain firm Spotonchain tracked the transaction, which it reported on its verified X handle. According to Spotonchain, WLFI invested in Ethereum (ETH) and MOVE.

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Notably, the investment firm spent $5 million in USD Coin (USDC) to buy 1,917 Ethereum tokens and invested the remaining $470K in 830,469 MOVE coins. The on-chain tracker added that over the past two days, WLFI has been purchasing MOVE tokens. Within the specified timeframe, the Donal Trump crypto firm has spent $940K USDC to amass 1.634 million MOVE coins.

Following the consistent purchases, Spotonchain said that WLFI’s total MOVE holdings have increased to about 4.03 million coins, worth $2.17 million. Notedly, the tokens were spread across Coinbase and WLFI’s wallet. 2.05 million MOVE coins are held in the exchange, while the remaining 1.98 million tokens are kept on-chain. Following the generalized market declines, the MOVE coins have incurred $640K in unrealized losses, reflecting a 23% decline.

WLFI Suffers Over $50 Million in Unrealized Profits

At the time of writing, the entire crypto market valuation has dropped to about $3.27 trillion, courtesy of a 4.5% decline in the past 24 hours. With the generalized declines, Bitcoin has depreciated to approximately $95,000, while Ethereum is trading around the $2,600 price region.

Considering the statistics above, it becomes glaring that WLFI has plunged into significant financial losses. Estimating the forfeited amount, a verified X account familiar with the topic revealed that the investment firm lost $55.34 million. “On Feb 12, WLFI added 1,916.7 $ETH & 830K $MOVE (~$5.47M). If unsold, total unrealized losses now stand at $55.34M, with the top three losing positions,” the X handle disclosed.

In the same tweet, the handler spotlighted three assets that contributed the highest losses. They include Ethereum, Wrapped Bitcoin (WBTC), and Ethena Labs (ENA). ETH cost WLFI $3,300 in the average purchase price. However, following the declines, the ETH holdings forfeited $42.65 million. For WBTC, the investment firm spent an average of $105,183 per token and has since lost $5.93 million. Finally, the ENA tokens in the WLFI crypto portfolio cost $0.9183 per coin. The losses from ENA are worth roughly $2.75 million.

Remarkably, these losses did not deter WLFI from increasing its crypto holdings. It underscores strong faith in crypto reward potential and profitability as a dependable store of value. Moreover, in other news, the Trump-backed company announced it has unveiled a macro strategic reserve. The setup is targeted toward helping WLFI expand its crypto portfolio, which invariably implies that it will not relent on its crypto purchase anytime soon.

WLFI On-chain Crypto Holdings Hits $37 Million

After transferring a significant portion of its crypto holdings to Coinbase, WLFI On-chain crypto stores dropped markedly. However, following consistent purchases, the portfolio has started expanding. Presently, it holds over 150 tokens valued at roughly $37.97 million.

Tron (TRX) remains the most valuable asset in the wallet. There are 40.718 million TRX tokens worth roughly $9.71 million in WLFI’s on-chain crypto holdings. Some other valuable assets in the wallet include USDC, Staked Ethereum (STETH), ETH, Tether (USDT), MOVE, and ONDO.

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