World Liberty Financial's $21.5M Crypto Bet Ahead of White House Summit
1min read World Liberty Financial, a crypto project with ties to former U.S. President Donald Trump, has recently made a substantial investment in the cryptocurrency market. The company acquired $21.5 million worth of digital assets, including Ethereum (ETH), Wrapped Bitcoin (WBTC), and Movement (MOVE). This purchase was made just ahead of the White House Crypto Summit, a pivotal event that could influence the future regulatory landscape for cryptocurrencies in the U.S.
The investment is diversified, with $10 million allocated to Wrapped Bitcoin, $10 million to Ethereum, and $1.5 million to Movement. Following this transaction, World Liberty Financial has accumulated a total of $336 million in cryptocurrency investments, spread across nine key assets. The timing of this acquisition is strategic, occurring less than 24 hours before the White House Crypto Summit, which could impact Trump’s stance on the creation of a national crypto reserve.
Despite facing an unrealized loss of $88 million due to market volatility, World Liberty Financial has maintained a bullish strategy. Ethereum accounts for the largest portion of this decline, with a devaluation of $67.35 million. However, the company’s continued buying during every market dip suggests unwavering confidence in the long-term potential of crypto. This strategy indicates a strong commitment to the crypto ecosystem, signaling a long-term bullish outlook.
The White House Crypto Summit is highly anticipated and will feature key figures in the crypto space. Among the most anticipated topics is the potential implementation of a 0% tax policy for crypto projects in the U.S., as well as clearer regulations for Bitcoin as a strategic reserve asset. The summit will also discuss the possibility of including digital assets such as XRP, SOL, and ADA in a future national reserve, alongside BTC and ETH.
