TLDR
- World Liberty Financial, Donald Trump’s DeFi venture, has invested $21.5 million across three cryptocurrencies ($10M in ETH, $10M in WBTC, $1.5M in MOVE tokens)
- A newly created multi-signature wallet was used for the transactions, with $3.5 million USDC remaining for potential future investments
- Arkham Intelligence reports World Liberty Financial’s total crypto holdings now exceed $78.5 million
- The purchases align with Trump administration’s plans to create a U.S. strategic cryptocurrency reserve
- Market analysts are optimistic about Bitcoin’s trajectory, with price targets suggesting a possible rise to $120,000
World Liberty Financial, the cryptocurrency fund connected to President Donald Trump, has completed a new round of digital asset purchases totaling $21.5 million. The move comes as cryptocurrency markets show signs of recovery following recent price corrections.
The fund executed these purchases through a fresh multi-signature wallet setup. This security measure requires multiple approvals for transactions, adding an extra layer of protection for the substantial investments.
On-chain data from analytics platform Spot On Chain reveals the fund transferred $25 million USDC to facilitate these purchases. The remaining $3.5 million suggests more acquisitions may be planned in the near future.
The investment was spread across three different cryptocurrencies. World Liberty Financial acquired 4,468 Ethereum tokens priced at $2,238 each, totaling $10 million.
The fund also purchased 110.6 Wrapped Bitcoin (WBTC) for another $10 million. The average purchase price was $90,420 per WBTC, reflecting recent market valuations.
To round out the investment, World Liberty Financial bought 3.42 million MOVE tokens. This smaller $1.5 million position was acquired at $0.439 per token.
Strategic Expansion During Market Rebound
These latest acquisitions build upon World Liberty Financial’s growing cryptocurrency portfolio. The fund has been actively implementing its macro strategic reserve initiative focused on digital assets.
According to blockchain intelligence firm Arkham Intelligence, WLFI’s total crypto holdings have reached $78.5 million as of March 6. This portfolio showcases a diverse approach to cryptocurrency investment.
The fund’s largest positions include over 7,091 ETH valued at approximately $16.16 million. It also holds 162.69 WBTC worth $14.87 million based on current market rates.
Additional holdings include 12.88 million Tether stablecoins and 4,972 staked ETH valued at $11.32 million. The fund has also invested in 40.71 million Tron tokens, currently worth about $9.96 million.
Smaller allocations to USD Coin, Ondo, and WhiteRock round out the fund’s diverse crypto portfolio. This approach spreads risk across multiple blockchain ecosystems and token types.
The timing of these purchases coincides with broader market recovery. Bitcoin has climbed back above $92,000 after falling earlier in the week, while Ethereum trades above $2,300.
Market analysts point to increasing global liquidity as a key driver for the rebound. Colin Talks Crypto recently highlighted a sudden vertical rise in the Global M2 Money Supply chart.
Crypto analyst Rekt Capital offers an optimistic outlook on Bitcoin’s recovery. He notes market dynamics show smaller investors exiting while larger entities accumulated during the recent price dip.
Technical analysis from Rekt Capital identifies a key wedge formation in Bitcoin’s price chart. A breakout from this pattern could trigger a 25% upward move according to the analyst.
This potential rally would push Bitcoin toward $120,000, representing substantial upside from current levels. Such forecasts are fueling renewed enthusiasm among crypto investors.
These market developments align with the Trump administration’s cryptocurrency initiatives. On March 2, President Trump instructed the Working Group on Digital Asset Markets to establish a U.S. strategic crypto reserve.
Initial reports suggested the reserve might include altcoins like Ripple (XRP), Solana (SOL), and Cardano (ADA). However, Trump later clarified that Bitcoin and Ethereum would form the core of this reserve.
The initiative has drawn scrutiny from some observers. Critics point out that Trump and associates reportedly control over 60% of World Liberty Financial, raising conflict of interest concerns.
The Trump Organization has responded by stating the president has separated himself from commercial activities. Management of WLFI now involves Trump’s children, an ethics attorney, and an external investment firm.
Watchdog organizations continue to monitor these arrangements closely. They reference historical instances where Trump’s business and political interests appeared to converge.
The cryptocurrency community awaits the upcoming White House Crypto Summit with great interest. This first-ever event will bring together President Trump, industry leaders, and blockchain experts.
Prominent figures Michael Saylor and Matt Huang are expected to attend. The summit aims to help shape forward-looking policies for digital assets in the United States.
This gathering comes at a time of heightened institutional interest in the cryptocurrency sector. World Liberty Financial’s latest purchases exemplify this growing institutional engagement with digital assets.
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