Donald Trump's WLFI Buys the Dip with $2.5M Ethereum

World Liberty Financial ($WLFI), a decentralized finance venture with ties to President-elect Donald Trump, has significantly increased its Ethereum ($ETH) holdings despite the ongoing market downturn. Recent blockchain data reveals $WLFI’s acquisition of 759 $ETH at an average price of $3,651, amounting to approximately $2.5 million. Transactions were reportedly carried out using USD Coin ($USDC).

Donald Trump’s $WLFI Buys More Ethereum

Since December, $WLFI has steadily accumulated Ethereum, resulting in a portfolio of 16,362 $ETH, currently valued at $54.62 million. While Ethereum’s market price fluctuations have impacted the portfolio’s returns, the initiative has managed to reduce its losses to $3.4 million, down from earlier projections. To date, the project has spent $35 million on Ethereum acquisitions, maintaining an average purchase cost of $3,651 per $ETH.

Etherscan data indicates that $WLFI acquired 1,481 $ETH in a single day as part of its ongoing strategy of capitalizing on market cycles. For the month, the organization purchased over 9,500 $ETH, with the average price per $ETH dropping to $3,374.79.

DONALD TRUMP IS BUYING THE DIP

The World Liberty Finance Treasury just bought $2.5M $ETH with $USDC.

World Liberty Finance currently holds $50.5M of $ETH. pic.twitter.com/RR3Bwz0r0m

— Arkham (@arkham) December 20, 2024

In addition to Ethereum, $WLFI has diversified its crypto investments. The project swapped $10.4 million worth of cbBTC, a Coinbase-backed Bitcoin derivative, for Wrapped Bitcoin (WBTC) following Coinbase’s announcement of cbBTC’s delisting. $WLFI now holds 103.15 WBTC, valued at $9.83 million.

Other assets in the initiative’s portfolio include 6,137 AAVE tokens worth $1.84 million and 78,387 Chainlink (LINK) tokens valued at $1.75 million. Additionally, smaller holdings include Ethena (ENA) tokens valued at $740,000 and Ondo Finance (ONDO) tokens worth $230,000. Moreover, the project’s consistent activity in crypto markets reflects its strategy of leveraging market trends for portfolio expansion and diversification.