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Trump backed World Liberty Financial increases holdings in WBTC and MOVE Tokens

In this post:

  • World Liberty Financial bought 2.52 million MOVE with the investment of 1.4 million USDC stablecoins.
  • The project also bought 52 WBTC for $5 million USDC.
  • The Trump-backed Defi project also staked 2,221 ETH for $5.9 million into Lido Finance, with $5 million USDC going to Aave’s lending protocol.

 

World Liberty Financial spent millions of USDC on DeFi transactions on Thursday based on Nansen and Lookonchain blockchain analytics data.

World Liberty Financial invested $1.4 million USDC in stablecoins to acquire 2.52 million MOVE tokens and spent $5 million USDC to buy 52 wrapped Bitcoin. 

On the same day, World Liberty Financial simultaneously performed two transactions by staking 2,221 ETH worth $5.9 million into Lido Finance and adding 5 million USDC to Aave’s lending protocol.

SpotOn Chain documented transactions in which World Liberty Financial purchased 830,469 MOVE tokens and 1,917 ETH using its USDC holdings. 

WLFI has purchased crypto worth $315 million

World Liberty has spent more than $315 million on crypto purchases since November 2024. The project bought 63,030 ETH at an average price of $3,331 and 699 wrapped BTC at an average price of $105,197. It also purchased TRX alongside LINK, AAVE, and ENA.

The project recently announced that it intends to create Macro Strategy, a strategic token reserve that functions as a diversified funding source to reduce risks and provide “a robust financial backbone” to World Liberty Financial. 

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World Liberty intends to work with traditional finance institutions and will encourage them to deposit their tokenized assets to Macro Strategy.

“This initiative is more than just a strategic move; it is a testament to our unwavering dedication to innovation, collaboration, and the empowerment of our community,” the statement read.

The World Liberty project remains inactive, but more than 96% of its WLFI token supply has been sold. Approximately 926.9 million tokens circulating in the market at the moment. Wallet owners of WLFI tokens receive voting power for governance decisions, while the tokens remain non-transferable.

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Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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