Catenaa, Saturday, December 14, 2024 – World Liberty Financial, the cryptocurrency project supported by President-elect Donald Trump, purchased $5 million worth of Ethereum (ETH) on Wednesday, according to onchain data.
The acquisition raises the project’s ETH holdings to over $50 million, out of a total $73 million in cryptocurrency assets.
The transactions were carried out through CoW Swap, a decentralized exchange, with funds derived from the ongoing WLFI token sale.
The project’s wallet, which has no outflows, exchanged stablecoins such as USDC and USDT for ETH, signaling a strategic shift toward Ethereum as a reserve asset.
This move marks one of World Liberty’s largest crypto purchases in recent weeks, following prior ETH acquisitions of 2,000 and 3,000 tokens in late November. The WLFI token sale, launched in October, has raised $55 million, short of its $300 million target. The project is restricted to accredited U.S. investors meeting specific income or net worth thresholds.
World Liberty Financial has made 146 swaps on CoW Swap since its launch, leveraging the platform to execute trades at optimal prices. The initiative is part of Trump’s broader push to position the U.S. as a leader in cryptocurrency innovation.
As a former bitcoin skeptic, Trump has embraced the crypto industry during his campaign, appointing a “Crypto Czar” and advocating for legislative reforms, including firing SEC Chair Gary Gensler and pardoning Silk Road founder Ross Ulbricht.
