Trump Backed Firm Doubles Ethereum Holdings Amid Market Uncertainty

Coin WorldThursday, Mar 6, 2025 10:58 am ET

1min read

World Liberty Finance, an investment firm with Donald Trump as a shareholder, has recently expanded its cryptocurrency portfolio with significant acquisitions. Despite some of these purchases quickly gaining value, the overall market conditions have led to substantial losses, raising concerns about the firm’s long-term strategy and risk management. Trump’s recent statements on cryptocurrency policies have added to the uncertainty, with his mixed messages fueling both hope and doubt about the potential impact of his administration on the market.

World Liberty Finance has added nearly $21 million worth of cryptocurrency to its holdings. The firm used $25 million of USDC and a newly created multi-signature wallet for these purchases. The main acquisitions included $10 million worth of Ethereum (ETH) and $10 million worth of Wrapped Bitcoin (WBTC). Additionally, the firm purchased $1.5 million worth of Movement (MOVE). The total amount transferred was $25 million, with $3.5 million USDC remaining in the wallet after the purchases.

With the latest investment, world liberty finance has nearly doubled its Ethereum holdings. The firm now holds over 7,000 ETH, compared to 2,200 ETH on Monday. This represents an 180% increase in Ethereum holdings over the past two days, making Ethereum the largest investment in the firm’s portfolio. The current value of these holdings is approximately $16.2 million.

The MOVE token, which represented a smaller portion of World Liberty Finance’s crypto investment, experienced a 26% surge in value during the hours following the purchase. MOVE is the native token of the Movement network, an Ethereum virtual machine-compatible blockchain programming language. In addition to MOVE, USDT, ETH, and WBTC, the Trump-backed firm holds six other tokens, including 10 billion WhiteRock, worth $3.4 million, and 40 million tron, worth nearly $10 million. Other tokens in World Liberty’s holdings include ONDO, colle, grok, and HOPPY.

Despite the value appreciation of MOVE, the Trump-backed crypto firm has seen a significant loss of $89 million. This loss was primarily due to the recent downtrends that began in the first month of Trump’s administration. The tariff policies implemented by Trump have negatively impacted the crypto market, as investors have distanced themselves from risky

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