World Liberty Financial (WLF), a decentralized finance (DeFi) initiative linked with President Donald Trump and his family, has made headlines with a $20 million cryptocurrency acquisition, chiefly Bitcoin and Ethereum, just hours ahead of the White House’s first-ever Crypto Summit scheduled for today.

According to a Bloomberg report from March 7, 2025, “A digital wallet belonging to World Liberty Financial added $10.1 million of Ether, $9.9 million of a Bitcoin derivative called WBTC and $1.68 million of MOVE, a token associated with blockchain platform Movement, according to data compiled by analytics firm Nansen.”

The timing of this crypto investment by WLF has triggered speculation regarding the administration’s crypto policy direction, including potential discussions around a U.S. strategic reserve for digital assets.

The White House crypto summit is just hours away!
Here is a refresher of all the tokens owned by Trump’s crypto project, World Liberty Financial, which you should be paying close attention to. 👇 Twitter link
— Miles Deutscher (@milesdeutscher) March 7, 2025

WLF Invests In Bitcoin, Ethereum And MOVE Tokens

Blockchain analytics firm Nansen reported that WLF acquired $10.1 million in Ether (ETH), $9.9 million in Wrapped Bitcoin (WBTC), and $1.68 million in MOVE tokens associated with the Movement Network blockchain platform.
These transactions were conducted through a wallet tied to WLF and coincide with the Trump administration’s impending cryptocurrency policy announcements during the summit, including a proposed U.S. strategic reserve primarily for Bitcoin and other cryptocurrencies.

Attendees of the Crypto Summit:

Trump will host the inaugural White House Crypto Summit from 6:30 PM to 10:30 PM UTC on March 7, 2025. Reports indicate that over 25 guests will participate, including members of the Presidential Working Group on Digital Assets.

Confirmed attendees include:

• Michael Saylor, Executive Chairman of Strategy
• Brian Armstrong, CEO of Coinbase
• Vlad Tenev, CEO of Robinhood
• Ripple CEO Brad Garlinghouse, a vocal supporter of the crypto sector.

Saylor’s involvement reflects substantial institutional backing for digital assets, while Armstrong’s and Tenev’s presence follows the recent dismissal of SEC cases against Coinbase and Robinhood. Garlinghouse has recently praised the SEC’s expedited action on the Coinbase case, which countered the regulatory actions of the previous administration.

Explore: Top 20 Best Crypto to Buy Now in March 2025

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Key Takeaways

• World Liberty Financial’s $20 million investment in cryptocurrencies highlights its commitment to advancing DeFi and raises questions about its impact on U.S. cryptocurrency policy.
• The strategic timing of WLF’s latest investment aligns with talks of establishing a U.S. strategic reserve for Bitcoin and other cryptocurrencies at the White House summit.