Days before President Donald Trump hosts crypto industry leaders at the White House, a cryptocurrency investment fund closely tied to the president and his family has made a substantial investment, acquiring $21.5 million in digital assets, according to data from analytics platforms Spot On Chain and Arkham Intelligence.
World Liberty Financial (WLFI), a decentralized finance venture where Trump and his sons serve as ambassadors, expanded its cryptocurrency holdings significantly on Wednesday.
The fund’s transactions included the purchase of Ethereum (ETH), wrapped Bitcoin (WBTC), and Movement Network (MOVE) tokens. Specifically, WLFI acquired 4,468 ETH at approximately $2,238 each, totaling $10 million. It added another 110.6 WBTC coins at $90,415 apiece for an additional $10 million, and rounded out the purchases with 3.42 million MOVE tokens priced at $0.438 each, amounting to $1.5 million.
Spot On Chain highlighted that these transactions occurred through a newly established multi-signature wallet funded by USDC, leaving $3.5 million still available in the wallet for potential further acquisitions.
Arkham Intelligence now reports that WLFI’s digital asset portfolio is valued at over $78.5 million, as of March 6, 2025. Its holdings are dominated by substantial stakes in Ethereum and wrapped Bitcoin. WLFI currently owns 4,468 ETH ($10 million), 162.69 WBTC worth approximately $14.87 million, 12.88 million Tether (USDT), 4,972 staked ETH totaling around $11.32 million, and 40.71 million Tron (TRX) valued significantly.
Strategic Crypto Reserve Raises Ethical Concerns
This latest round of purchases aligns strategically with Trump’s broader initiative to create a U.S. strategic cryptocurrency reserve, announced on March 2. The administration directed the President’s Working Group on Digital Asset Markets to assemble a crypto reserve initially thought to include assets like Ripple (XRP), Solana (SOL), and Bitcoin. Critics, however, point out a troubling overlap: Trump and his family reportedly control more than 60% of WLFI, creating fears that the crypto reserve could benefit them financially.
The Trump Organization strongly denies accusations of misconduct, maintaining that the president has stepped back from commercial operations. The organization stated that Trump’s children, along with an independent ethics attorney and an external investment firm, oversee WLFI’s operations. Nonetheless, market watchdogs remain cautious, demanding transparency amid concerns of blurred boundaries between public policy and private investments.
WLFI’s Aggressive Crypto Strategy Fuels Market Debate
World Liberty Financial’s ambitious moves have not been limited to recent weeks. The fund previously invested $470,000 in ONDO tokens from Ondo Finance and has now expanded its holdings with aggressive purchases of major cryptocurrencies like Ethereum and Bitcoin. According to WLFI, the goal is to create a robust crypto reserve capable of stabilizing market volatility and supporting decentralized finance initiatives.
Its partnership with Ondo Finance highlights WLFI’s strategy of combining traditional financial markets with blockchain technologies. Ondo Finance specializes in institutional-grade tokenized financial products, which WLFI aims to utilize for liquidity enhancement within the decentralized financial ecosystem.
The market has reacted with optimism and caution to WLFI’s aggressive crypto strategy. Advocates suggest the fund’s moves will strengthen institutional adoption and stability within crypto markets, thereby positioning WLFI—and by extension, the Trump administration—as a major player in shaping crypto policy. However, critics warn that such strong overlap between political power and personal investments could erode public trust and spark regulatory scrutiny.
These latest acquisitions come as Trump prepares to host influential crypto industry leaders at the upcoming White House Crypto Summit on March 8. The timing suggests that the administration may soon take a clearer stance on crypto’s role in the broader financial system.
