World Liberty Financial invests $112.8 million in cryptocurrencies, including Ethereum and Wrapped Bitcoin.
The move commemorates the inauguration of Donald Trump as the 47th President of the United States.
Justin Sun has increased his investment in WLFI with a $15 million contribution in the latest funding round.
The Trump family’s cryptocurrency venture, World Liberty Financial (WLFI), has made new acquisitions of crypto assets to celebrate the anniversary of Donald Trump’s inauguration as the 47th President of the United States.
Donald Trump Jr., the son of Donald Trump, announced the acquisition of X today, revealing a $112.8 million investment in the cryptocurrency through WLFI. The investments include $47 million in Ethereum (ETH) and $47 million in Wrapped Bitcoin (wBTC), both of which are leaders by market cap.
Portfolio Allocation: Diversification in the Spotlight
Additionally, $4.7 million was allocated to each of Aave, Chainlink (LINK), Tron (TRX), and Ethena (ENA), further diversifying the portfolio.
According to data from Arkham’s tracking platform, WLFI’s total portfolio increased to $334 million after this latest acquisition. Ethereum led the portfolio with 58,379 ETH, worth $188.99 million. The stablecoin USDC took the second largest share at $54.4 million.
Other major assets include 456,777 wBTC (worth $46.46 million), 4,747 ETH (stETH) worth $15.32 million, AAVE worth $6.54 million, LINK worth $6.19 million, USDT worth $5.35 million, and ENA worth $4.98 million.
Justin Sun Invests $15 Million in World Liberty Financial
It is worth noting that World Liberty Financial is organizing a public sale of its native token WLFI. Yesterday, it launched an additional pre-sale of its WLFI tokens following the success of its previous round.
The project offered an additional 5% of the token supply for sale, bringing the total to 25 billion tokens. The initial goal of raising $300 million has already been met by selling 20 billion tokens.
Analytics platform Nansen has identified a $15 million investment from Tron founder Justin Sun in World Liberty Financial. This latest funding brings Sun’s total investment in WLFI to $90 million, following a previous $45 million allocation that brought TRON DAO’s contributions to $75 million.
It is worth noting that the WLFI token is used for governance under the World Liberty Financial Protocol and does not provide any economic rights or financial returns. The tokens are non-transferable, locked indefinitely and cannot be used for goods or services.