Donald Trump backed DeFi project, World Liberty Fi has continued buying crypto with it purchasing $25 million of WBTC, ETH and MOVE in a latest move – ahead of Friday’s crypto summit at White House.
Onchain analytics platform Arkham Intelligence noted that the firm sent $25 million of USDC to a separate contract for purchasing $10 million of ETH, $10 million of WBTC (Wrapped BTC) and $1.5 million of MOVE tokens.
The latest purchase comes ahead of president Trump’s crypto summit which is to be held on Friday, 7 March at White House. In the summit, Trump is expected to publicly announce Bitcoin reserve and other policies that would likely be in favour of crypto investors.
World Liberty Fi is a DeFi focused investment project that is backed by Donald Trump’s family. Since their first transaction on 21 September, the firm has invested over $336 million of funds in several crypto assets in the past 6 months. Its portfolio currently sits at a valuation of $79.8 million – as per Arkham data while most of their assets are held on Coinbase Prime.
World Liberty Fi’s portfolio includes a diverse range of tokens, such as ETH, WBTC, TRX, LINK, AAVE, ENA, MOVE, ONDO, and SEI.
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