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Trump’s World Liberty Financial Invests $3M in 3.54M MNT Buy

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Highlights:

  • WLFI has purchased 3.54 million MNT for $3 million.
  • The investment firm now holds 5.99 million MNT tokens valued at about $5.05 million.
  • Unrealized profits from WLFI’s over $300 million crypto investments have reached $111 million.

Donald Trump’s family-backed crypto investment firm, World Liberty Financial (WLFI), has expanded its crypto portfolio with a fresh $3 million investment. Renowned crypto transactions firm Spotonchain tracked the acquisition, which it reported via a March 24 tweet. According to the on-chain tracker, the company purchased 3.54 million Mantle (MNT) coins at $0.84 per token to mark its third purchase this month.

Spotonchain also noted that WLFI’s latest acquisition increased its MNT holdings to 5.99 million coins. The firm spent about $5 million to purchase its entire MNT stores, now worth $5.05 million. The tokens’ present valuation suggests that if price dips persist, WLFI might soon start recording losses on its MNT tokens.

World Liberty Financial Capitalized on February Dips to Expand Crypto Holdings

Per the on-chain tracker, WLFI rejuvenated its crypto investments last month, capitalizing on the market dip. Spotonchain added that since late February, WLFI has spent roughly $28.6 million, purchasing six crypto assets. These tokens include Ethereum (ETH), Wrapped Bitcoin (WBTC), MOVE, SEI, Avalanche (AVAX), and MNT. Spotonchain noted that WLFI recorded unrealized losses of $1.62 million from these token investments.

In a separate tweet, Lookonchain, another renowned on-chain tracker, reported that WLFI spent $346 million on 11 different tokens over an extended period. It added that these purchases resulted in a $111 million unrealized loss.

On X, several users have raised concerns about the Trump family-backed firm’s consistent crypto investments. Some users asserted that the sustained buying sprees amid market declines appear suspicious. Cas Abbé, a Web3 growth manager, tweeted: “As of now, World Liberty Financial has a total loss of $111 million, but they’re buying continuously. Do they know something?”

In contrast, others argue that WLFI’s persistent acquisitions could spark future price surges. They believe institutional investments will boost investors’ confidence and market liquidity.

Mantle Records Significant Spikes Amid Rising Institutional Interest

At the time of writing, MNT is up 7.4% in the past 24 hours, trading at approximately $0.84. Within the same time frame, MNT’s minimum and maximum price limits oscillated between $0.7845 and $0.8493. The price extremes highlight a marked rebound and a tendency to break above $1 if interest in the token remains strong.

As a result of the upswing, Mantle’s market capitalization appreciated slightly to about $2.83 billion. The token now ranks as the 47th most valuable cryptocurrency on CoinGecko. Meanwhile, MNT’s 24-hour trading volume has spiked 95.11% to about $161.68 million.

Source: CoinGecko

World Liberty Financial’s Crypto Holdings Nears $80 Million

According to Arkham Intelligence’s data, WLFI’s main wallet holds over 150 cryptocurrencies worth approximately $74.9 million. Ethereum remains the most valuable asset in the portfolio, with a $16.2 million valuation for 7.93K tokens. WBTC follows closely with a $14.25 million valuation for 162.69 coins. Other leading assets in the wallet include Tether (USDT), Staked Ethereum (STETH), Tron (TRX), MOVE, and WHITE.

On February 4, Crypto2Community reported that WLFI moved over $300 million worth of cryptocurrencies from its main wallet to Coinbase. This action drastically dropped WLFI’s wallet valuation to about $33 million. Although the investment firm said it had not sold the moved assets, crypto enthusiasts have criticized WLFI’s lack of transparency.

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