World Liberty Financial (WLF), the decentralized finance platform associated with President Donald Trump, has purchased $21.5 million in cryptocurrency assets just one day before the White House Crypto Summit.
The strategic acquisition includes Ethereum (ETH), wrapped Bitcoin (WBTC), and Movement Network tokens (MOVE), signaling the platform’s growing influence in the cryptocurrency space.
Strategic Token Reserve of World Liberty Financial Grows
According to blockchain analytics firm Nansen, WLF bought 4,468 ETH ($10 million), 110.6 WBTC ($10 million), and 3.42 million MOVE tokens ($1.5 million) using USDC from a newly created multi-signature wallet. This latest purchase adds to WLF’s existing crypto holdings, which now exceed $79.77 million across various digital assets.
Hours ago, Trump’s project @worldlibertyfi made a $25M crypto play
$10M $ETH
$10M $WBTC
$1.5M $MOVEMore to come? pic.twitter.com/lQY56l88hO
— Nansen 🧭 (@nansen_ai) March 6, 2025
Founded in 2024, WLF positions itself as a DeFi platform specializing in crypto-backed lending and borrowing services. The platform has strong Trump family connections, with Donald Trump serving as “chief crypto advocate” and his sons Barron, Eric, and Donald Trump Jr. holding roles as “DeFi visionary” and “Web3 ambassadors.”
The timing of these purchases aligns perfectly with the upcoming White House Crypto Summit scheduled for March 7, 2025. President Trump will host this event to discuss cryptocurrency regulations and innovation with industry leaders.
The summit, chaired by White House AI and Crypto Czar David Sacks, will focus on key topics including stablecoins, bitcoin reserve legislation, and market frameworks.
New Partnerships Forming
WLF continues to build strategic partnerships within the crypto ecosystem. On March 6, the Sui Foundation announced plans to collaborate with World Liberty Financial on product development opportunities. As part of this collaboration, WLF plans to include Sui assets in its “Macro Strategy” token reserve.
“We chose Sui for its American-born innovation combined with impressive scale and adoption. It is a natural complement to our mission of bringing decentralized finance to more Americans,” said WLF co-founder Zak Folkman.
Not the First Rodeo
This isn’t the first partnership for WLF. Last month, the platform announced a collaboration with Ondo Finance, a tokenized real-world asset issuer, and subsequently purchased $470,000 worth of Ondo tokens.
The platform has demonstrated impressive fundraising capabilities, raising hundreds of millions through token sales, including $220 million in just one hour during its January 2025 launch.
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