World Liberty Financial Buys WBTC, ETH, MOVE in $21.5M Deal

• World Liberty Financial resumes crypto investments, allocating $21.5 million in BTC and ETH.
• Current market conditions have led to a loss of around $89 million on WLF holdings.
• Confidence in Bitcoin and Ethereum’s recovery drives the fund’s renewed market activity.

World Liberty Financial, the decentralized finance (DeFi) project tied to Donald Trump, is back to active involvement in the crypto market as Bitcoin trades above $91K while Ethereum is above $2,300. This decision is made at a time when the industry is emerging from a corrective phase. 

In an X post on Thursday, analytical platform Lookonchain revealed that World Liberty Financial bought 111 WBTC, which is equivalent to $10 million, and 4,468 ETH for $10 million. Besides these assets, the fund also purchased 3.42 million MOVE tokens for approximately $1.5 million. This meant that the total amount of money invested was $21.5 million.

World Liberty’s Current Losses

While the investment has made a positive impact, some challenges with the current market performance still prevail. According to the on-chain data, the company’s assets are negative, which implies that World Liberty Financial holdings are currently losing $89 million. This shows that although it has been participating in the crypto market, the current situation in the market has reduced the value of the invested funds.

However, World Liberty has played an interesting role in cryptocurrency. Having a significant personality like Donald Trump back the fund means that its activities receive attention from investors and industry analysts. Despite volatility evident in operations and job markets, World Liberty Financial has maintained its spirit and direction towards Bitcoin.

Related: Ethereum’s Pectra Upgrade Hits Holesky Snag, Mainnet Delayed

Confidence in Market Recovery

This may have been caused by its confidence in the market’s recovery from the recent downturn when it decided to reinvest. While Bitcoin and Ethereum entered a bullish phase after corrections and bearish trends, the same strategy could help the fund gain more profits in the future. 

As the case of World Liberty Financial shows, the operations of such a company are likely to attract attention due to the development of crypto markets. The performance in the next several weeks will show what strategy the fund will use to cover potential risks in the market and how it will make up for the losses.

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