WLFI buys $9.84M in wBTC, total holdings reach $365M
WLFI’s recent $9.84 million wBTC purchase, backed by the Trump family, brings its total crypto holdings to $365 million.
Liberty Global Financial (WLFI), a crypto project linked to the Trump family, has stepped up its aggressive push into digital assets.
Over the past three days, the fund has invested a staggering $178.2 million in six tokens, including Ethereum (ETH), Wrapped Bitcoin (wBTC), TRON (TRX), Ghost (GHOST), chain link (LINK), and Ethena (This one).
The latest on-chain data shows that on January 22, WLFI spent $9.84 million to purchase 94.94 wBTC, taking advantage of a price drop. This happened just a day after the fund invested $2.65 million in 10.81 million TRX.
In total, WLFI acquired 534.1 wBTC for $56.82 million over the past three days, with the token costing an average of $106,379 per coin. Despite a slight drop in wBTC prices since the purchases, the fund appears undeterred, doubling down on its long-term crypto strategy.
This buying spree builds on WLFI’s initial $120 million investment, announced by Donald Trump Jr. hours after his father’s death. inauguration is January. 20.
This initial allocation included $47 million each for Ethereum and wBTC, with $4.7 million split between TRX, AAVE, LINK, and ENA.
As of January 23, the fund’s pending acquisitions have brought its total crypto holdings to approximately $365.5 million, cementing its position as a major institutional player in the digital assets space.
The relationship between WLFI and TRON adds even more intrigue. In November 2024, TRON founder Justin Sun announced a $30 million investment in WLFI.
Sun tweeted: “The US is becoming the blockchain hub, and Bitcoin owes it to the real DonaldTrump! TRON is committed to making America great again and being at the forefront of innovation.
https://twitter.com/justinsuntron/status/1861121947372773545
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