Trump-Backed Venture World Liberty Fi Buys $1M Worth of Ethereum at $3,895 per ETH
Main Idea
World Liberty Fi, a Trump-backed DeFi project, purchased $1 million worth of Ethereum at $3,895 per ETH, adding to its $211 million crypto portfolio, while Trump's ownership in the firm has decreased from 75% to 40%.
Key Points
1. World Liberty Fi bought 256.75 ETH for $1 million at $3,895 per ETH, reflecting confidence in Ethereum's price surge.
2. The firm's total crypto portfolio is valued at $211 million, with holdings in USDT, WETH, WBTC, and USDC.
3. Trump's ownership in World Liberty Fi has declined from 75% to approximately 40%.
4. Trump Media and Technology Group (TMTG) holds $2 billion in Bitcoin and related assets, representing two-thirds of its liquid reserves.
5. TMTG has also invested $300 million in Bitcoin-linked derivatives and filed for several crypto ETFs, including a 75% Bitcoin and 25% Ether allocation.
Description
World Liberty Fi, backed by Donald Trump, purchased 256.75 ETH for $1 million. The firm’s crypto portfolio totals $211 million, with major holdings in USDT, WETH, WBTC, and USDC. Trump’s ownership in World Liberty Fi has dropped from 75% to around 40%. World Liberty Fi, the Trump-backed DeFi project, has made another notable move into Ethereum, acquiring over 250 ETH for $1 million. The purchase , made at a high price of $3,895 per ETH, reflects a confident bet on Ethereum as it surges to new ye...
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