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Donald Trump’s WLFI Buys the Dip with $2.5M Ethereum Snapped Up
World Liberty Finance (WLFI), a decentralized finance venture linked to President-elect Donald Trump, has significantly expanded its Ethereum (ETH) holdings despite the ongoing market downturn. Recent blockchain data reveals that WLFI acquired 759 ETH at an average price of $3,651, amounting to approximately $2.5 million. Transactions were reportedly carried out using USD Coin (USDC).
Since December, WLFI has steadily accumulated Ethereum, resulting in a portfolio of 16,362 ETH, currently valued at $54.62 million. Although Ethereum’s market price fluctuations have impacted the portfolio’s returns, the initiative has managed to reduce its losses to $3.4 million, down from earlier projections. To date, the project has spent $35 million on Ethereum acquisitions, maintaining an average purchase cost of $3,651 per ETH.
Etherscan data shows that WLFI acquired 1,481 ETH in a single day as part of its ongoing strategy of capitalizing on market cycles. For the month, the organization purchased over 9,500 ETH, with the average price per ETH decreasing to $3,374.79.
In addition to Ethereum, WLFI has diversified its crypto investments. The project swapped $10.4 million worth of cbBTC, a Coinbase-backed Bitcoin derivative, for Wrapped Bitcoin (WBTC) following Coinbase’s announcement of cbBTC’s delisting. WLFI now holds 103.15 WBTC, valued at $9.83 million.
WLFI’s consistent activity in crypto markets reflects its strategy of leveraging market trends for portfolio expansion and diversification.
Source: www.cryptonewsz.com
