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    Trump-backed World Liberty Financial buys $112.8M worth of crypto on Jan 20

    World Liberty Financial (WLFI), a decentralised finance (DeFi) project linked to Donald Trump, made headlines with its $112.8 million cryptocurrency acquisition on the day Donald Trump assumed office as the 47th President of the United States.

    While the timing and magnitude of this move raised eyebrows, it also highlighted WLFI’s strategy to solidify its presence in the digital asset market.

    The acquisition, which included Ether, Wrapped Bitcoin, and other tokens, signals WLFI’s ambition to leverage crypto as a cornerstone of its financial model amidst shifting global financial dynamics.

    What did WLFI buy?

    World Liberty Financial’s cryptocurrency purchase is notable not only for its scale but for its timing.

    The project acquired $47 million worth of Ether and an equivalent amount of Wrapped Bitcoin, alongside $4.7 million each in Aave, LINK, TRX, and ENA.

    This move diversifies WLFI’s treasury holdings, which now include over 57,115 Ether valued at $185.14 million and 456.7 Wrapped Bitcoin worth $46.5 million, according to Arkham Intelligence.

    The decision to expand its crypto portfolio aligns with WLFI’s broader financial strategy. By investing in high-liquidity assets like Ether and Bitcoin, alongside niche tokens, WLFI is positioning itself as a significant player in the DeFi landscape.

    This diversification also serves as a hedge against market volatility, offering stability to its $300 million treasury, which has been bolstered by successful token sales.

    Token sales driving financial momentum

    Since October 2024, WLFI has sold 20% of its token supply, raising $300 million through pre-sales.

    A new tranche of tokens, representing an additional 5% of the supply, was made available immediately after Trump’s inauguration.

    These token sales highlight the increasing appetite for decentralised financial projects, particularly those associated with high-profile figures like Trump.

    A significant endorsement came from Tron DAO, led by founder Justin Sun, which increased its investment in WLFI to $75 million.

    Sun, who joined WLFI as an advisor in November, described the partnership as a “transformative step” for both projects.

    Tron DAO’s financial backing and integration into WLFI’s ecosystem enhance the latter’s credibility, drawing attention from both institutional and retail investors.

    The implications for DeFi and politics

    World Liberty Financial’s crypto acquisition sheds light on the intersection of politics and decentralised finance.

    The timing of the investment—on Trump’s first day in office—raises questions about how the project plans to navigate regulatory challenges under a Trump administration.

    While WLFI positions itself as an independent financial ecosystem, its association with the Trump family makes it a potential bellwether for policy shifts favouring crypto.

    The post Trump-backed World Liberty Financial buys $112.8M worth of crypto on Jan 20 appeared first on Invezz

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