World Liberty Financial (WLF), a decentralized finance platform associated with President Donald Trump and his family, acquired approximately 439 Wrapped Bitcoin (WBTC) on January 20, 2025, during the inauguration.
The purchase, valued around $47 million, was made through ten transactions, exchanging stablecoins for WBTC, a token on the Ethereum network that is pegged 1:1 to Bitcoin. Following this acquisition, WLF’s total WBTC holdings rose to 456.77, valued at $47.4 million, making it the platform’s third-largest asset after Ethereum and USDC.
World Liberty Financial Resumes Crypto Purchases
This acquisition follows a substantial purchase of Ethereum made the day before. Eric Trump, WLF’s Web3 Ambassador, teased future activities via a social media post after the Ethereum acquisition, stating, “Wait until you see what they do tomorrow!”
The recent influx, totaling nearly $100 million in Bitcoin and Ethereum in just two days, fits into WLF’s routine treasury management strategy. They stated, “We’re making routine movements of our crypto holdings as part of regular treasury management, and payment of fees and expenses, and to address working capital requirements.”
As of now, WLF’s treasury oversees over $320 million in crypto assets, including more than $5 million each of AAVE, LINK, and ENA. They also added $4.7 million worth of these tokens alongside their Bitcoin and Ethereum purchases on inauguration day.
To commemorate the inauguration of Donald J. Trump as the 47th President of the United States, $WLFI is proud to announce the following strategic purchases today:
$47,000,000 ETH
$47,000,000 wBTC
$4,700,000 Aave
$4,700,000 LINK
$4,700,000 TRX
$4,700,000 ENA
Excited for the…
— WLFI (@worldlibertyfi) January 20, 2025
This aligns with the broader market trend, where Bitcoin reached a record high of $108,786 before settling at $102,780.
WLF also reported that it had sold 20% of its presale tokens and opened another 5% for public sale, with over 3 billion WLF tokens still available at $0.05 each.
Trump Appoints Crypto-Friendly Individuals To Key Positions
Recently, Trump nominated former SEC Commissioner Paul Atkins, a proponent for cryptocurrency, to lead the commission. Industry leaders are optimistic that his leadership will create a more favorable regulatory environment for digital assets. Under the previous administration, SEC Chair Gary Gensler’s stringent policies included enforcing actions against several notable firms.
Despite his campaign promise to remove Gensler on his first day, Gensler preempted this move by announcing his resignation. In 2024, the SEC took a more rigorous stance against cryptocurrency firms, imposing nearly $4.7 billion in enforcement actions, a 3,018% increase compared to 2023.
