Trump-linked World Liberty Financial buys ETH, WBTC, and MOVE
Donald Trump’s Liberty Financial made another significant investment in cryptography, acquiring $ 21.5 million from Ethereum, wrapped in bitcoin and movement network tokens.
According to a chain analysis platform spot on March 6 of March 6, transactions were executed using a USDC from a newly created multi-signature portfolio, with 3.5 million dollars remaining in the portfolio.
The fund acquired 4,468 Ethereum (Ethn) for $ 10 million at an average price of $ 2,238, 110.6 wrapped bitcoin (WBTC) for $ 10 million at $ 90,420 per room and 3.42 million movements (MOVE) Tokens for $ 1.5 million at $ 0.439 each.
Arkham Intelligence data WLFI emissions now hold more than $ 78.5 million in digital assets on March 6. Its largest positions include 7,091 ETH worth $ 16.16 million, 162.69 WBTC worth $ 14.87 million, 12.88 million ties (USDT), 4,972 marked from ETH to $ 11.32 million and 40.71 million tron (Trx) Valued at $ 9.96 million.
The fund also contains smaller amounts of USD parts (USDC), Ondo (Ondo), and Whiterock, in addition to other digital assets.
The latest acquisitions of the fund arrive that Trump’s administration is advancing with plans to establish an American strategic crypto reserve. On March 2, Trump ordered the President’s working group on the digital asset markets to create a reserve including key cryptocurrencies.
While the initial reports have highlighted assets like Ripple (Xrp), Solana (GROUND), and Cardano (ADA), Trump then specified this bitcoin (BTC) and Ethereum would be at the heart of the initiative.
This decision has aroused controversy, some claiming that the reserve may increase The value of assets belonging to Trump and his associates. According to reports, Trump and his friends hold more than 60% of the WLFI, which raises questions concerning a potential conflict of interest.
However, the Trump organization claims that the president has moved away from commercial activities and denied any fault. His children, a separate ethics lawyer and an external investment company currently supervise the management of WLFI.
Despite these insurances, surveillance groups remain skeptical, pointing past cases where Trump’s political affairs and political interests seemed intertwined.
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