Donald Trump and the crypto project behind his three sons are preparing to expand their digital assets…
‘Strategic Reserve’ plan for crypto assets
World Liberty Financial (WLF), which has acquired a hundreds of millions of dollars of crypto existence since its operation in September, announced that it plans to create a strategic reserve for digital assets.
The crypto company founded by the Trump family, called “Macro Strategy, said that this reserve aims to support big projects such as Bitcoin and Ethereum, as well as strengthening developing defi opportunities.
“We aim to reduce market volatility and create a durable financial ecosystem by spreading our assets to different fields and to create a durable financial ecosystem”.
Sudden announcement led to speculation
However, this move came after the WLF wallets last week.
As of February 2, the company had more than $ 400 million crypto currency (mostly Ethereum and Wrapped Bitcoin). However, it is now seen that the company’s wallets have only $ 39 million digital assets.
The company denied allegations that it sells these assets and announced that the fund flows were within the scope of “routine processes, and that their assets were re -allocated to cover operating expenses and wages.
Trump and Strategic Bitcoin Reserve
Chase Herro, one of the founding partners of World Liberty Financial, said that this on-Chain reserve will show its commitment to the company’s crypto industry. However, it has been observed that the company has not acted as a long -term crypto investor so far and has not kept constant assets in its known wallets.
In addition, the company has added Stablecoins such as Tron, Move and Circle’s USDC and Tether’s USDT.
World Liberty’s crypto sales
On-Chain data shows that funds from World Liberty wallets are transferred to addresses labeled by Arkham Intelligence as “Coinbase Prime .. The fact that Coinbase Prime users were largely corporate investors caused some analysts to speculate that World Liberty might have sold the tokens in his hand during the market stagnation.
While the Trump family’s $ 16 billion crypto Empire continues to grow rapidly, the new move of World Liberty Financial is eagerly awaited.
