According to CoinDesk, World Liberty Financial (WLFI), a cryptocurrency project associated with the family of U.S. President Donald Trump, has expanded its treasury by acquiring more of Tron's TRX. On-chain data reveals that WLFI has purchased an additional $2.6 million worth of TRX, adding 10.8 million TRX to its holdings. This acquisition brings the total value of TRX in WLFI's treasury to $7.5 million.
Justin Sun, the founder of Tron, expressed his enthusiasm for the integration of TRX into WLFI's treasury. He stated, "As a strong advocate for blockchain technology and innovation in cryptocurrencies, I'm excited to see World Liberty Financial integrate TRON as a key part of its growing treasury. TRX's inclusion as the fourth-largest asset in WLFI's holdings highlights its trust in the Tron blockchain network." Sun also noted that with WLFI's efforts to bridge traditional finance and cryptocurrency, coupled with the Trump administration's pro-crypto stance, the United States is poised to become a significant hub for innovation and cryptocurrency adoption.
CoinDesk previously reported in mid-January that WLFI had plans to purchase TRX, and a Tron delegation was present at Trump's inauguration. In addition to TRX, WLFI's treasury includes substantial holdings in other cryptocurrencies. The on-chain data indicates that WLFI holds $182 million in Ethereum (ETH), $48 million in Wrapped Bitcoin (WBTC), $7.2 million in Tether's USDT, $7 million in AAVE, and $6.7 million in Chainlink's LINK. Most of these token acquisitions occurred before the inauguration.
Sources familiar with the situation suggest that WLFI intends to continue increasing its TRX holdings, signaling a sustained interest in the Tron blockchain network. This move aligns with WLFI's strategy to strengthen its position in the cryptocurrency market and further its mission of integrating traditional finance with digital assets.
