Ahead of the White House Crypto Summit, World Liberty Financial — a decentralized finance venture associated with President Donald Trump and his family — increased its cryptocurrency holdings, according to onchain analysis.
On Thursday, on-chain data revealed that World Liberty Financial made a substantial addition to its treasury, acquiring $10 million in ether, $10 million in Wrapped Bitcoin (WBTC), and $1.5 million worth of MOVE, the native token of the Movement Network blockchain ecosystem. "Hours ago, Trump’s project World Liberty Financial made a $25 million crypto play, with $10 million in $ETH, $10 million in $WBTC, and $1.5 million $MOVE, more to come?," blockchain analytics firm Nansen posted on X.
Additionally, data from Arkham Intelligence indicated that World Liberty Financial's Ethereum holdings have surged over the past week — rising from about 2,200 ether on Monday to over 7,000 ether by Thursday.
The timing of these acquisitions is notable, as they occurr just before the White House Crypto Summit, where President Trump is scheduled to meet with prominent cryptocurrency founders. The summit is expected to address the future of cryptocurrency regulation and the potential establishment of a U.S. strategic crypto reserve.
Bitcoin climbed by over 3% in the past 24 hours as investors looked ahead to Friday's summit for signals on future market direction. The leading cryptocurrency briefly touched $92,700 before slipping back to around $91,380 in the European session amid profit-taking. Of the top ten cryptocurrencies by market capitalization, Dogecoin led the rally over the past 24 hours, with a 4% surge, while Solana and ether posted gains of around 3.8% and 2.3% over the same period. In contrast, Cardano traded flat.
Thursday’s rebound provided a boost to bullish sentiment following a turbulent week. On Sunday, President Donald Trump’s announcement of a strategic crypto reserve — potentially including XRP, ADA and ether. However, enthusiasm cooled as the week progressed. Traders await further details, and risk-off sentiment took hold after new U.S. tariffs were implemented — causing broader market retracement on Tuesday.
Market analysts anticipate further price action leading into Friday's event — with market participants cautious and awaiting an indicator of greater regulatory clarity for the cryptocurrency sector.
"This Friday marks a historic milestone — the first-ever White House Crypto Summit," QCP Capital analysts said. "However, without any concrete executive orders, funding commitments, or congressional backing in place, the market remains in wait-and-see mode." They added that investors view the summit as an asymmetric event with high stakes, asking: "Will it serve as the unexpected catalyst that sends prices soaring, or will it expose crypto’s fragility and trigger a deeper sell-off?"
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