World Liberty Financial, a firm tied to Donald Trump’s family, is doubling down on its cryptocurrency investments despite significant losses. The company has once again increased its holdings in Ethereum (ETH) and MOVE tokens, signaling continued confidence in the decentralized finance (DeFi) space.
World Liberty Financial Expanding its Crypto Portfolio
On-chain data from Lookonchain reveals that World Liberty Financial recently acquired 1,917 ETH, worth approximately $5 million, along with 830,469 MOVE tokens valued at around $470,000. This move follows a January 29 transaction where the company added 3,191 ETH ($10 million) and 2.4 million MOVE tokens ($1.88 million) to its portfolio.
Additionally, the firm invested 156,667 USDC to secure 273,937 MOVE tokens, reinforcing its commitment to MOVE and its potential role in the DeFi ecosystem. This aggressive strategy suggests a long-term belief in the market, despite current volatility.
Heavy Losses Amid Optimism
While expanding its digital asset portfolio, World Liberty Financial has suffered significant financial setbacks, with total losses reaching $21.78 million. The biggest impact came from its Ethereum investments, which have cost the firm approximately $14.9 million.
Beyond ETH, holdings in Wrapped Bitcoin (WBTC), AAVE, and ENA have further contributed to the deficit. For instance, purchasing 56,317 ETH at an average price of $3,373 per token led to a loss exceeding $14 million, while a 647 WBTC buy resulted in a $2 million shortfall. Additional declines in AAVE, ENA, TRX, LINK, and MOVE have further compounded the situation.
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Despite these mounting losses, Donald Trump Jr. remains optimistic about the company’s crypto strategy. Furthermore ,he has reaffirmed the Trump family’s long-term vision of influencing both centralized and decentralized finance, stating that their involvement in the space is just beginning.