The World Liberty Financial, President Trump’s Defy platform, is planning to create a crypto strategic reserve by purchasing more tokens.
According to a Bloomberg ReportThe co-founder of the World Liberty Financial, Chase Hero said that the platform aims to build a “strategic reserve” using cryptocurrency that the project has bought by the project. However, he did not specify what kind of purpose the reserve would be.
Based on data from Arkham intelligenceA wallet associated with the World Liberty Financial recently bought 342,000 Ondo (ONDO), which is WLF’s governance token, for $ 470,000 USDC (USDC) on cow protocol. It brings Ondo Holdings of World Liberty Financial to 342,002 Ondo, which costs around $ 478,800.
The WLF also bought an $ 245,000 Ondo token two months before sending it to the Coinbase Prime. On the same day, Ondo Finance announced that would launch its layer 1 blockchain called Ondo Chen.
According to data from crypto.news, Ondo dipped a slightly from 0.06% in the last 24 hours and about 8.5% in the last week. The token is currently trading hands at $ 1.40. Ondo’s 24-hour trading volume is more than $ 660 million.
World Liberty Financial Crypto Portfolio
At the time of writing, the Crypto Holdings in the World Liberty Financial are approximately $ 34.03 million. WLF’s crypto portfolio has a variety of crypto assets, with most of its holdings stored in USD coin and tron (TRX). Additionally, WLF also keeps funds in Lido Stake Ether (Stath), Tether (USDT), Atherium (Eth), Ondo, Cole AI, American Coin, Groke, Hapy, Tap Protocol and REKT.
Currently, WLF has a USD coin of $ 14.9 million, followed by Staths worth $ 9.31 million and $ 5 million in TRX. Additionally, WLF has a total of 538.19 Eth, priced at $ 1.47 million.
On 31 January, WLF bought a large part of the atherium $ 10 million after the Crypto markets crashed, as Trump announced that he would implement tariffs on Mexico and Canada. The project earlier bought an atherium worth $ 47 million on the inauguration day of Trump.
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