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Donald Trump’s World Liberty Financial (WLFI) has made another major investment in the crypto space, purchasing $21.5 million worth of Ethereum (ETH), Wrapped Bitcoin (WBTC), and Movement Network (MOVE) tokens.
According to an on-chain analytics report from Spot On Chain on March 6, these transactions were funded using USD Coin (USDC) from a newly created multi-signature wallet, which still holds $3.5 million in reserves.
Breaking Down the Purchases:
4,468 ETH for $10 million at an average price of $2,238 per coin
110.6 WBTC for $10 million at $90,420 per coin
3.42 million MOVE tokens for $1.5 million at $0.439 per token
WLFI’s Growing Crypto Holdings
Data from Arkham Intelligence shows that WLFI now holds over $78.5 million in digital assets as of March 6. Its most significant holdings include:
7,091 ETH worth $16.16 million
162.69 WBTC valued at $14.87 million
12.88 million Tether (USDT)
4,972 staked ETH worth $11.32 million
40.71 million Tron (TRX) valued at $9.96 million
WLFI also has smaller holdings in USDC, Ondo (ONDO), and WhiteRock, among other assets.
Trump’s Crypto Reserve Plan Sparks Controversy
This latest investment follows Trump’s March 2 directive to the President’s Working Group on Digital Asset Markets to establish a U.S. strategic crypto reserve. Initially, reports suggested the reserve would include Ripple (XRP), Solana (SOL), and Cardano (ADA), but Trump later clarified that Bitcoin (BTC) and Ethereum (ETH) would be the primary assets.
The move has raised eyebrows, with critics arguing that such a reserve could boost the value of cryptocurrencies already owned by Trump and his close associates. Reports indicate that Trump and his allies control over 60% of WLFI, leading to speculation about potential conflicts of interest.
Ethical Concerns and Official Responses
The Trump Organization has denied any wrongdoing, stating that the former president has stepped away from commercial activities. According to their statement, WLFI is currently managed by Trump’s children, an independent ethics attorney, and an external investment firm.
Despite these reassurances, watchdog groups remain skeptical, citing past incidents where Trump’s business dealings and political agenda appeared to overlap.
As the debate continues, the impact of WLFI’s crypto acquisitions and the proposed U.S. strategic crypto reserve remains a key issue in the evolving relationship between cryptocurrency and U.S. policy.$BTC $ETH #Binance
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