- World Liberty Financial, backed by Donald Trump, acquires 1,917 ETH and 830,469 MOVE tokens.
- The firm aims to become a major player in the DeFi industry with its “Macro Strategy” plan.
- Investments are part of a plan to create a robust Web3 monetary foundation.
World Liberty Financial recently acquired a massive investment in altcoins.
Initially reported by LookOnChain on Twitter, Donald Trump’s DeFi firm acquired 1,917 ETH, at the cost of $5 million. WorldLiberty.Fi also bought 830,469 MOVE tokens for around $470,000.
These latest purchases add to the recent ramp in adoption by the firm, which aims to become one of the largest companies holding digital assets in the world. By January 20, the day Donald Trump took office as the President of the United States, WorldLibertyFi acquired $47 million in Ether and another $47 million in wrapped Bitcoin.
Since then, the firm has been recurringly purchasing digital assets, part of a plan aimed at creating a robust Web3 monetary foundation for its DeFi platform.
Will WorldLibertyFi Become a Key Player in The Crypto Industry?
The fact that the company is backed by none other than the President of the United States adds weight to the idea that World Liberty Financial will soon become one of the top DeFi firms.
WorldLibertyFi is a decentralized finance platform that offers investment opportunities, as well as crypto borrowing and lending services to its users. The company was launched in September 2024, only a couple of months before President Trump took office.
The recurring crypto investments by the firm are part of a plan named “Macro Strategy”, and help create a more stable crypto-backed DeFi platform.
While some argue that Trump’s influence adds validity and credibility to WorldLiberty.Fi, some criticize the unfair and territorial nature of having the most influential person in the world backing one specific company in the industry.
But despite that, WorldLibertyFi continues to push forward with its ambitious plans. The company appears to favor Ethereum-based investments, so it will be interesting to see the effect it has on the network over the next months.
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