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The Trump Family Sold Quietly: Cryptocurrency Shares Dropped Below 50%!
The Trump family made a significant profit by quietly selling their stakes in the cryptocurrency company they owned.
U.S. President Donald Trump announced the cryptocurrency project World Liberty Financial (WLFI), which caused a major stir during the presidential election process, to the public in September. This project, promising a "financial revolution," was designed to transfer 75% of the revenue obtained after the initial $30 million directly to the Trump family by offering non-resellable tokens.
In July 2024, the Trump family complicated their ownership structure by establishing a series of companies related to the project. Initially, the Trump family's umbrella company DT Marks DEFI LLC owned 75% of World Liberty Financial. However, after the presidential inauguration ceremony on January 20, things changed rapidly, and the company quickly conducted a token sale worth approximately $200 million.
According to a Forbes report, the Trump family reduced their stake in World Liberty Financial from about 60% to approximately 40% in the last 11 days. The transaction details were not shared with the public, but it is noted that if the company's market value is compared to a similar cryptocurrency firm like Circle, the Trump family could have earned approximately $190 million from this sale. About $135 million of this gain may have gone directly to former President Trump.
Recently approved stablecoin regulations in the U.S. Senate could further increase the value of Trump's remaining cryptocurrency investments. The rise in Circle shares highlights the potential of companies operating in this field and could positively influence the Trump family's future sales plans.
The Trump family made a significant profit by quietly selling their stakes in the cryptocurrency company they owned.
U.S. President Donald Trump announced the cryptocurrency project World Liberty Financial (WLFI), which caused a major stir during the presidential election process, to the public in September. This project, promising a "financial revolution," was designed to transfer 75% of the revenue obtained after the initial $30 million directly to the Trump family by offering non-resellable tokens.
In July 2024, the Trump family complicated their ownership structure by establishing a series of companies related to the project. Initially, the Trump family's umbrella company DT Marks DEFI LLC owned 75% of World Liberty Financial. However, after the presidential inauguration ceremony on January 20, things changed rapidly, and the company quickly conducted a token sale worth approximately $200 million.
According to a Forbes report, the Trump family reduced their stake in World Liberty Financial from about 60% to approximately 40% in the last 11 days. The transaction details were not shared with the public, but it is noted that if the company's market value is compared to a similar cryptocurrency firm like Circle, the Trump family could have earned approximately $190 million from this sale. About $135 million of this gain may have gone directly to former President Trump.
Recently approved stablecoin regulations in the U.S. Senate could further increase the value of Trump's remaining cryptocurrency investments. The rise in Circle shares highlights the potential of companies operating in this field and could positively influence the Trump family's future sales plans.
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