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World Liberty Financial Diversifies Portfolio with MOVE and BTC
World Liberty Financial, the decentralized finance (DeFi) project linked to U.S. President Donald Trump, has made substantial investments in the cryptocurrency market. According to data from Nansen, the project recently spent millions of USDC stablecoins on various assets, including MOVE tokens and wrapped BTC.
On Thursday, World Liberty Financial used approximately $1.4 million in USDC to acquire 2.52 million MOVE tokens, the native utility token of Movement Labs. MOVE is gaining attention due to the company’s ongoing discussions with the Department of Government Efficiency led by Elon Musk. The Movement founder, Rushi Manche, emphasized the company’s detachment from Dogecoin despite some public interest.
In addition to the MOVE tokens, World Liberty purchased 52 wrapped BTC worth $5 million in USDC. This is part of the project’s broader strategy to diversify its portfolio and invest heavily in the crypto space.
Staking and Lending Activities
World Liberty Financial did not stop with token acquisitions. The DeFi project staked 2,221 ETH, valued at $5.9 million, with Lido Finance and also deposited 5 million USDC into the Aave lending protocol on the same day. Earlier in the week, the project had also secured significant amounts of MOVE tokens and ETH, further solidifying its presence in the crypto ecosystem.
Strategic Token Reserve Formation
To bolster its financial foundation, World Liberty Financial recently introduced its “Macro Strategy” initiative. This strategic token reserve is designed to help diversify the project’s funds, manage risk, and provide a solid backbone for future endeavors. World Liberty also aims to collaborate with traditional financial institutions and incorporate tokenized assets into its reserve.
Governance and WLFI Token Sale
The project’s WLFI token, which grants governance voting rights, has seen over 96% of its supply sold. Around 926.9 million tokens remain, with no transferability, offering a unique model for token holders.
World Liberty’s latest moves signal its strong commitment to the DeFi space and innovative financial strategies.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
Şevval has been actively writing since 2022 and is a third-year mathematics student at Ankara University. Her interest in writing is shaped particularly around innovative technologies such as Web3, artificial intelligence, and blockchain. She closely follows developments in these fields and aims to convey complex topics to readers in a clear and engaging manner. She enjoys combining her mathematical knowledge with technology to create content and strives to raise awareness about the digital world of the future.
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