Trump-Backed Crypto Firm Drops $10M on Ethereum in 15 Minutes

World Liberty Financial (WLFI), a crypto initiative backed by former U.S. President Donald Trump, has made a significant investment in Ethereum (ETH). On January 31st, WLFI acquired 2,971.4 ETH, spending approximately 10 million USDT within a 15-minute window. This transaction comes as Ethereum prices have been trending upward, allowing WLFI to break even on its investment.

WLFI's portfolio is heavily diversified, with a total allocation of $297 million across eight digital assets. Ethereum comprises 67% of its portfolio, followed by Bitcoin (BTC) at 23%, and various altcoins making up the remaining 10%. This strategic distribution reflects WLFI's bullish stance on leading cryptocurrencies and its commitment to a diversified investment strategy within the crypto market.

As of January 31st, WLFI's crypto holdings have surpassed $420 million, with Ethereum assets accounting for 65.34% of the total. The Ethereum asset includes 63,255 ETH and 19,412 STETH, while Bitcoin assets account for 16.02% (646.715 WBTC). This significant investment in Ethereum underscores WLFI's confidence in the cryptocurrency's long-term potential.