As Donald Trump took oath as the 47th President of the U.S. on Monday, World Liberty Financial, a cryptocurrency project backed by him, announced a series of strategic purchases, including Ethereum (CRYPTO: ETH) and Wrapped Bitcoin (CRYPTO: WBTC).
What Happened: In an X post, the decentralized finance platform disclosed buying several cryptocurrencies, including $47 million each in Ethereum and Wrapped Bitcoin, a converted version of Bitcoin that can be used on Ethereum’s blockchain.
With the latest grab, World Liberty Financial’s total ETH holdings shot up to 57,115, worth over $185 million at the current market price, according to on-chain analytics firm Arkham. WBTC was its second-largest holding.
Other important buys included $4.7 …Full story available on Benzinga.com
Trump-Backed World Liberty Financial Bags $47 Million Each Of Ethereum, Wrapped Bitcoin To Commemorate Inauguration: ‘Excited For The Future’
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