World Liberty Financial (WLFI), a decentralized finance initiative linked to President-elect Donald Trump, has expanded its Ethereum holdings, despite the ongoing crypto market downturn.
WLFI added another 759 ETH at an average price of $3,651, costing around $2.5 million. The initiative has been actively purchasing ETH since December, using USD Coin (USDC) for the transactions.
As of present, WLFI’s Ethereum portfolio contains 16,362 ETH worth $54.62 million, while market volatility has lowered its overall ETH returns.
WLFI has spent $35 million on Ethereum, with an average purchase price of $3,651 per ETH. Despite the recent drop in crypto prices, its Ethereum losses have decreased to $3.4 million from earlier estimates.
As per the data on Etherscan, the project purchased almost 1,481 ETH in a single day, continuing its practice of buying during market cycles.
ETH purchased at an average price of $3,374.79, bring total ETH purchases for the month to over 9,500 ETH. The project also swapped $10.4 million of Coinbase-backed cbBTC for Wrapped Bitcoin after Coinbase announced it would delist cbBTC.
WLFI’s crypto portfolio includes 103.15 Wrapped Bitcoin (WBTC) worth $9.83 million, 6,137 AAVE tokens valued at $1.84 million, and 78,387 Chainlink (LINK) tokens totaling $1.75 million. The project also holds smaller amounts in tokens like ENA worth $740,000 and ONDO worth $230,000,.
Also Read: Trump Backed WLFI Teams Up with Ethena Labs
