Donald Trump’s World Liberty Financial has made a significant investment in cryptocurrency, purchasing $21.5 million worth of Ethereum, Wrapped Bitcoin, and Movement Network tokens.
According to a post on March 6 by the on-chain analytics platform Spot On Chain, these transactions were carried out using USDC from a newly created multi-signature wallet, which currently retains a balance of $3.5 million.
The fund purchased 4,468 Ethereum for $10 million, with an average price of $2,238 per coin. It also acquired 110.6 Wrapped Bitcoin for another $10 million at a price of $90,420 per coin, as well as 3.42 million Movement tokens for $1.5 million, at a rate of $0.439 each. These acquisitions further enhance WLFI’s position in the digital asset market.
Donald Trump’s World Liberty Financial (@worldlibertyfi) is back to buying $ETH, $WBTC, and $MOVE!
In the past 45 minutes, the fund moved 25M $USDC to a new multi-sig wallet and purchased:
• 4,468 $ETH ($10M) at $2,238
• 110.6 $WBTC ($10M) at $90,420
• 3.42M $MOVE ($1.5M) at… https://t.co/pyElkjbFwf pic.twitter.com/azgZeglmQA— Spot On Chain (@spotonchain) March 5, 2025
Arkham Intelligence data shows that, as of March 6, WLFI’s total cryptocurrency holdings exceed $78.5 million. Its largest positions include 7,091 ETH valued at $16.16 million, 162.69 WBTC worth $14.87 million, 12.88 million USDT, 4,972 staked ETH amounting to $11.32 million, and 40.71 million TRX valued at $9.96 million.
The latest acquisitions align with the Trump administration’s broader efforts to establish a U.S. strategic crypto reserve. On March 2, Trump directed the President’s Working Group on Digital Asset Markets to develop a reserve comprising key cryptocurrencies. Initial reports suggested that assets like Ripple (XRP), Solana (SOL), and Cardano (ADA) would be included, but Trump later clarified that Bitcoin (BTC) and Ethereum would be the primary focus.
However, the move has sparked debate. Samson Mow, CEO of Jan3Com, expressed skepticism about including altcoins like XRP, Solana, Cardano, and Ethereum in the proposed reserve. While Trump mentioned these assets, Mow emphasized that he lacks the authority to determine the reserve’s composition unilaterally. He noted that establishing such a reserve would require a formal proposal, a working group report, and congressional approval before any final decision could be made.
If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
