The Trump family’s cryptocurrency project, World Liberty Financial (WLF), is reportedly trying to raise a massive $1.5 billion to create a public company. This company would essentially hold all of WLF’s WLFI tokens.
From Token Sales to Big Bucks
WLF launched in 2024, selling its WLFI token and raising $2.7 million in just one month. They also created a stablecoin called USD1. Now, they’re looking to go big, aiming for a traditional public company structure to manage their holdings. They’re talking to huge investors in tech and crypto to make this happen.
Riding the Crypto Treasury Wave
WLF’s move is part of a bigger trend: companies are building up massive cryptocurrency reserves. These “digital asset treasury companies” (DATCOs) already hold a whopping $100 billion in crypto! Most of that is Bitcoin, but other cryptocurrencies are also involved. These companies are even planning to buy another $79 billion worth of Bitcoin.
A Bullish Market
This whole crypto boom is partly thanks to President Trump’s pro-crypto policies. Things like the proposed National Bitcoin Reserve and the GENIUS Act are making the US a more attractive place for crypto. Currently, the total crypto market is worth about $3.87 trillion, with Bitcoin making up a large chunk of that. Bitcoin and other major cryptocurrencies like Ethereum, XRP, and Solana have all seen recent price increases.