As Donald Trump took oath as the 47th President of the U.S. on Monday, World Liberty Financial, a cryptocurrency project backed by him, announced a series of strategic purchases, including Ethereum ETH/USD and Wrapped Bitcoin WBTC/USD.
What Happened: In an X post, the decentralized finance platform disclosed buying several cryptocurrencies, including $47 million each in Ethereum and Wrapped Bitcoin, a converted version of Bitcoin that can be used on Ethereum’s blockchain.
With the latest grab, World Liberty Financial’s total ETH holdings shot up to 57,115, worth over $185 million at the current market price, according to on-chain analytics firm Arkham. WBTC was its second-largest holding.
Other important buys included $4.7 million worth of Tron TRX/USD, Aave AAVE/USD, Chainlink LINK/USD, and Ethena ENA/USD.
World Liberty Financial said the purchases commemorated Trump’s inauguration.
See Also: Trump Names Uyeda Acting SEC Chair, Regulators Get Ready For Crypto Makeover
Why It Matters: World Liberty Financial has been steadily piling on DeFi-linked cryptocurrencies like ETH, AAVE, and LINK to build its platform.
Launched as a decentralized money market last year, the protocol will allow users to borrow, lend, and earn interest on cryptocurrencies. The WLFI token would serve as the platform’s governance token, enabling users to engage in DeFi-related activities.
The project was aggressively promoted by Trump and his family, and a firm associated with the President-elect, DT Marks DEFI, LLC, stands to receive 75% of the protocol revenue.
Price Action: At the time of writing, Ethereum was exchanging hands at $3,257.31, down 0.37% in the last 24 hours, according to data from Benzinga Pro. Meanwhile, TRX was up 3.72%, and LINK gained marginally by 0.04%.
Image via Shutterstock
Read Next:
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
