World Liberty Financial Expands Crypto Holdings as White House Summit Looms
World Liberty Financial, a decentralized finance (DeFi) project backed by the Trump family, has made a significant move in the crypto space by purchasing over $20 million worth of digital assets just ahead of the highly anticipated White House crypto summit on March 7.
A digital wallet associated with World Liberty Financial acquired $10.1 million in Ether (ETH), $9.9 million in Wrapped Bitcoin (WBTC), and $1.68 million in Movement Network’s MOVE token, according to Bloomberg reports. This strategic move occurred just two days before the summit.
World Liberty Financial’s Ambitious Vision
Launched in September 2024 by the Trump family during the U.S. presidential election lead-up, World Liberty aims to revolutionize decentralized and centralized finance. Once fully operational, the platform intends to allow crypto holders to buy, sell, and earn interest on their digital assets without the need for centralized intermediaries.
In January, Eric Trump, President Trump’s son, stated that World Liberty would “revolutionize DeFi/CeFi and will be the future of finance.” Despite its ambitions, the project has faced some controversy, including allegations regarding the sale of WLFI tokens, which World Liberty clarified as a reallocation of assets for business purposes rather than a token sale.
Coincidence or Strategic Timing?
The timing of this $20 million crypto acquisition is particularly notable, as it comes just ahead of the first-ever White House crypto summit. This summit will bring together crypto industry leaders and members of President Trump’s Working Group on Digital Assets.
David Sacks, a prominent figure in the crypto space, added to the intrigue by commenting on the U.S. government’s past sales of Bitcoin. While the government earned $366 million from its Bitcoin sales, Sacks noted that the value of the remaining Bitcoin stockpile would now exceed $17 billion.
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.
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