World Liberty Financial, a DeFi platform affiliated with President Donald Trump and members of his family, added approximately 439 Wrapped Bitcoin—or about $47 million worth at the time of purchase—to its balance amid the inauguration Monday.
The platform, which counts Trump and multiple children among its advisors, made 10 separate transactions, swapping nearely $47 million worth of stablecoins for Wrapped Bitcoin or WBTC—an Ethereum token that is redeemable 1:1 for Bitcoin.
WLF now holds 456.77 Wrapped Bitcoin worth $47.4 million, making BTC its third-largest holding, trailing only Ethereum and USDC—a dollar-pegged stablecoin.
The platform’s additions come just one day after its Web3 Ambassador—Eric Trump, the president’s son—foreshadowed action. Commenting on a post from on-chain analytics account Lookonchain on X (formerly known as Twitter) about the platform’s purchase of Ethereum, Trump said, “Wait until you see what they do tomorrow!”
It has now acquired nearly $100 million of the two largest crypto assets in the last two days, all of which appears to be part of its “regular treasury management.”
“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,” it said in a post last week.
The company holds more than $320 million worth of crypto assets in its treasury, including more than $5 million worth each of AAVE, LINK, and ENA according to data from Arkham Intelligence.
World Liberty Financial tweeted Monday that it bought $47 million worth of both Ethereum and Wrapped Bitcoin, as well as $4.7 million worth of Aave, LINK, TRX, and ENA, to mark the inauguration of the 47th president.
After initially struggling to sell out its presale tokens, WLF “concluded its mission” late Sunday evening, completing a sale of 20% of its tokens before opening an additional 5% to the public. More than 3 billion WLF tokens at $0.05 apiece are still available for purchase at the time of writing.
Bitcoin marked a new all-time high of $108,786 early on Monday morning, ahead of Trump’s inauguration. It’s now priced at $102,780.
Edited by Andrew Hayward
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