World Liberty Financial, the decentralized finance (DeFi) project linked to President Donald Trump, plans to buy more of Tron’s TRX token just days after a $2.6 million purchase, according to a person familiar with its plans.
The project will buy an additional $2.65 million of TRX this week, the person said on Thursday, the same day it purchased $9.8 million worth of wrapped bitcoin (WBTC).
World Liberty Financial now holds $352 million worth of crypto tokens including $181 million of ether (ETH), $56 million WBTC, $32 million of staked ether (STETH) and $7.4 million of TRX, Arkham shows.
The purchases come as sales of the project’s own WLFI token heads into the final furlong with just 2.4 billion tokens of the total 25 billion still available. It has raised a total of $1.1 billion since the sale went live in September.
The increase in activity has been spurred by the pro-crypto sentiment stemming from the new U.S. administration, with a regulatory overhaul being planned following the exit of Gary Gensler as the Securities and Exchange Commission (SEC) chief.
“I am looking forward to seeing the Trump administration’s pro-crypto stance inspire and develop policies and initiatives that will drive innovation and promote financial inclusion, ensuring cryptocurrency becomes accessible to a wider audience,” Tron founder Justin Sun, who purchased $30 million worth of WLFI tokens in November, said in a statement shared with CoinDesk.
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Oliver Knight
https://www.coindesk.com/business/2025/01/23/trump-linked-world-liberty-financial-to-buy-more-trx-after-usd10m-wbtc-purchase
2025-01-23 13:40:35
