President Trump’s crypto project, World Liberty Financial (WLFI), is down a whopping $118 million, but that’s not stopping them from buying more.
More Crypto Purchases Despite Losses
According to blockchain trackers, WLFI recently purchased around $2 million worth of Avalanche (AVAX) and Mantle (MNT). This is despite the fact that every single cryptocurrency in their portfolio is currently losing money. They’ve invested a total of $343 million in 11 different cryptos, and it’s all underwater.
A Losing Investment?
The report highlights that while WLFI continues to invest, its portfolio is showing significant losses across the board. This raises questions about the strategy behind these continued purchases.
Trump’s Broader Crypto Ambitions
Beyond WLFI, President Trump has also publicly advocated for the US to create its own national cryptocurrency reserve, including Bitcoin and other major cryptocurrencies. He previously claimed this was a response to what he called unfair treatment of the crypto industry by the Biden administration. While his initial announcement briefly boosted the crypto market, that surge proved short-lived.
Disclaimer: This information is for general knowledge only and is not financial advice. Investing in cryptocurrency is risky, and you could lose money. Always do your own research before making any investment decisions.
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