Trump’s World Liberty Financial Invests $47 Million in Wrapped Bitcoin

On the day of Donald Trump’s inauguration as the 47th President of the United States, World Liberty Financial (WLF), a DeFi platform connected to the Trump family, invested $47 million in Wrapped Bitcoin (WBTC). This purchase was completed in ten transactions that converted stablecoins into WBTC. Simultaneously, Bitcoin reached an all-time high of $108,786.

❤️Thank you Mr President for the fantastic 6th birthday gift! #WBTCTurns6

😎#WBTC Is the President's Choice.
🙋‍♂️Have You Made lt Yours? pic.twitter.com/9ViR4p90Ri

— WBTC (@WrappedBTC) January 22, 2025

Understanding Wrapped Bitcoin

Wrapped Bitcoin is a token on the Ethereum blockchain, pegged 1:1 to Bitcoin’s value. It allows users to integrate Bitcoin functionality within Ethereum’s ecosystem. For WLF, this move aligns with its strategy to enhance its DeFi market presence.

The platform’s total crypto portfolio now exceeds $320 million, with Bitcoin ranking as its third-largest holding after Ethereum and USDC.

Exclusive Statement from Z Liu, BiT Global Trust

Z Liu, Director of BiT Global Trust, remarked:

“This is a pivotal moment for crypto, highlighting the growing adoption of decentralized assets, particularly wrapped Bitcoin products. We are honored that WBTC has emerged as President Trump’s choice. This is testament to WBTC’s well-established liquidity and transparency, and its ease of transfer between DeFi protocols and chains at low fees. We remain confident in WBTC’s ability to lead the way in integrating Bitcoin into decentralized finance.”

This underscores WBTC’s importance in the broader adoption of decentralized finance solutions.

Diversification in Asset Purchases

WLF’s recent activity extended beyond Bitcoin. The platform also acquired $47 million in Ethereum and smaller amounts of AAVE, Chainlink (LINK), Tron (TRX), and Ethena (ENA). These acquisitions reflect a broader strategy to leverage growing interest in cryptocurrency markets. WLF described these transactions as “routine treasury management.”

Eric Trump, serving as the platform’s Web3 ambassador, previewed these moves on social media, stating, “Wait until tomorrow!”

To commemorate the inauguration of Donald J. Trump as the 47th President of the United States, $WLFI is proud to announce the following strategic purchases today:

$47,000,000 ETH
$47,000,000 wBTC
$4,700,000 Aave
$4,700,000 LINK
$4,700,000 TRX
$4,700,000 ENA

Excited for the…

— WLFI (@worldlibertyfi) January 20, 2025

Advances in Token Sales

WLF has also made strides in selling its governance token, WLFI. While sales were slow following its October launch, recent activity has seen 85% of tokens sold, raising over $1 billion.

This marks increasing support for the platform, driven in part by the active involvement of the Trump family.

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Broader Implications for Cryptocurrency

Trump’s inauguration signifies shifts in both political and economic landscapes. WLF’s investments in WBTC and other cryptocurrencies may encourage broader crypto adoption. Analysts consider this a potential turning point for the market, though concerns remain regarding impacts on altcoin liquidity.

Bitcoin’s recent price movements demonstrate the market’s sensitivity to such developments. While its price retreated to $102,780 after the peak, interest in Bitcoin and other key crypto assets remains steady.

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