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WLFI Resumes Crypto Investments in ETH, WBTC, and MOVE Tokens

Highlights:

  • WLFI has resumed its crypto purchases with a fresh $21.5 million investment.
  • The investment firm expanded its ETH, WBTC, and MOVE holdings with its most recent acquisition.
  • Despite its unimpressive price actions, ETH remains the most valuable and dominant asset in WLFI’s wallet.

After an abrupt pause, Donald Trump’s family-backed crypto investment firm, World Liberty Financial (WLFI), resumed its crypto buying spree. According to the crypto transactions tracker, Spotonchain, WLFI expanded its Ethereum (ETH), Wrapped Bitcoin (WBTC), and MOVE holdings with fresh investments worth $21.5 million.

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Spotonchain noted that the past 45 minutes that preceded its X post on WLFI’s latest investments saw the company move $25 million in USD Coin (USDC) to a multi-sig wallet. The investment firm purchased its latest crypto assets from the multi-sig wallet. It bought 4,468 Ethereum worth $10 million at $2,238 per token, 110.6 WBTC valued at $10 million, with each token costing an average selling price of $90,420, and 3.42 million MOVE worth $1.5 million at about $0.439 per coin.

Currently, the multi-sig wallet holds $3.5 million in USDC. Spotonchain hinted at the possibility of buying more tokens with the remaining funds. Meanwhile, WLFI has moved the recently acquired crypto assets to its main wallet, boasting a total valuation of $79.24 million for over 180 crypto assets.

Ethereum Remains the Dominant Asset as WLFI Resumes Crypto Investments

Despite its unimpressive price actions, Ethereum has maintained its position as the most valuable and dominant asset in WLFI’s wallet. Market observers attributed this to Trump’s strong faith in Ethereum as a sustainable store of value with a reasonable reward propensity.

Following today’s purchase, WLFI’s main wallet now holds 7.094K ETH, valued at approximately $16.24 million. WBTC is the second most valuable asset in the wallet, with 162.69 tokens, valued at $14.93 million. Some other assets in the wallet apart from stablecoins like Tether (USDT) and USDC were Staked Ethereum (STETH), Tron (TRX), MOVE, ONDO, etc.

WLFI Record Floating Losses of Over $80 Million

Despite positive sentiments from Trump’s proposed crypto Strategic Reserve, the crypto market has remained largely unstable with back-and-forth price movements. At the time of press, the market is up by about 4%, boasting a $3.135 trillion valuation.

Mirroring the upward trend, the flagship crypto asset, Bitcoin, is changing hands at about $92,500, reflecting a 6.4% upswing in the past 24 hours. Its dominance surged slightly to 61.7%, underscoring altcoins’ recent price struggles.

The world’s most valuable altcoin, Ethereum, mirrored a similar upswing with a 6.1% jump in the past 24 hours. However, its selling price remains unimpressive at about $2,300. Aside from its short timeframe price actions, Ethereum’s other extended interval reflected declines of about 1.7%, 15.7%, and 15.1% in the coin’s 7-day-to-date, 14-day-to-date, and month-to-date respective price change data.

Despite the positive price actions, a Bitget-sponsored article has revealed that WLFIs crypto holdings have incurred significant losses. The article noted that in addition to today’s investments, the company has spent $336 million to procure nine cryptocurrencies.

While WLFI moved most of its cryptocurrencies to Coinbase Prime some weeks ago, the investment firm has confirmed that it never sold any of the assets. “If these assets have not been sold, the current paper loss is $88 million,” the Bitget article added. Ethena Labs had the highest percentage loss of 63%, while Ethereum forfeited the highest amount, valued at roughly $67.35 million.

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