Trump’s Crypto Firm Makes Big Ethereum Bet

Donald Trump’s cryptocurrency venture, World Liberty Financial (WLFI), has quietly become a major player in the Ethereum staking game.

A Whale in the Crypto Sea

According to crypto analytics firm Arkham Intelligence, WLFI now holds over $33 million worth of staked Ethereum (stETH), putting it in the top 0.1% of stETH holders. That’s a significant chunk of the market!

More Than Just Ethereum

But WLFI’s crypto portfolio is much bigger than just stETH. Arkham’s data reveals holdings including:

  • $182 million in Ethereum (ETH)
  • $55.6 million in USDC (a stablecoin)
  • $48 million in Wrapped Bitcoin (WBTC)
  • $6.9 million in Aave (AAVE)
  • $6.2 million in Chainlink (LINK)

A Crypto Inauguration Celebration?

WLFI reportedly made a massive purchase of ETH and WBTC on January 20th – a date coinciding with what WLFI called Trump’s “second inauguration.” They also added smaller amounts of AAVE, LINK, Tron (TRX), and Ethena (ENA) that day.

The Bottom Line

WLFI’s significant investments highlight the growing interest in crypto among high-profile individuals and organizations. However, remember that cryptocurrency investments are inherently risky. Always do your own research before investing.