Catenaa, Friday, January 24, 2025 – World Liberty Financial (WLF), a decentralized finance platform with ties to President Donald Trump and his family, acquired $47 million worth of Wrapped Bitcoin (WBTC) during the president’s inauguration Monday.
The platform conducted 10 transactions to exchange stablecoins for approximately 439 WBTC, an Ethereum-based token redeemable for Bitcoin. This purchase boosts WLF’s holdings to 456.77 WBTC, valued at $47.4 million, making Bitcoin its third-largest asset after Ethereum and USDC.
Eric Trump, the platform’s Web3 Ambassador and the president’s son, earlier hinted at the move in a social media post on Sunday
WLF has now acquired nearly $100 million in major crypto assets over two days, citing “routine treasury management” as the reason for the activity.
The company currently holds over $320 million in crypto assets, including significant reserves of AAVE, LINK, and ENA. In a Monday tweet, WLF stated it had also purchased $4.7 million worth of additional tokens to commemorate Trump’s swearing-in as the 47th US president.
WLF recently concluded the presale of its tokens, offering 20% for purchase while extending an additional 5% to the public. The platform continues to promote its assets, with 3 billion tokens priced at $0.05 each still available.
