- The president’s company plans to create a “strategic reserve”.
- It is a component of the Crypto Empire of the Trump family.
- WLF denied having sold $ 400 million in digital assets.
After having acquired hundreds of millions of dollars in cryptocurrencies since its launch in September, World Liberty Financial said on Wednesday that it planned to create a strategic reserve of digital assets.
The Crypto Society launched by President Donald Trump and his sons said that the token reserve, nicknamed Macro Strategy, is designed to “strengthen head projects like Bitcoin and Ethereum” and emerging challenge opportunities.
“By diversifying our assets through a range of token workers, we aim to alleviate market volatility and ensure a resilient financial ecosystem”, the project announcement On X said.
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However, this decision comes after massive and unexplained WLF last week.
On February 2, the company had more than $ 400 million in crypto, mainly Ethereum and wrapped in Bitcoin. However, now the company’s portfolio is only $ 39 million For cryptographic active ingredients.
Business denied Reports that he sold these tokens and said that the funds were “routine movements of his cryptographic participations” to cover the costs and expenses.
“We simply carry out assets for ordinary commercial purposes,” said the company last week.
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Last week, the co-founder of World Liberty, Chase Herro, said that onchain’s stock will show the company’s commitment to the cryptography industry.
How it will do it is not clear. World Liberty was not a long -term holder of her cryptography hiding place, at least not on his known portfolio address.
World Liberty has also acquired Tron and Move Cryptosurcy as well as Stablecoins, including USDC from Circle and USDT from Tether.
However, onchain data Watches funds from World Liberty portfolios to labeled addresses like Coinbase prime by the Crypto Arkham Intelligence tracker.
Coinbase premium users are mainly institutional, which led some to speculate that World Liberty sold tokens during market lull.
Osato Avan-Nomayo is our DEFI correspondent based in Nigeria. It covers Defi and Tech. Do you have a tip? Please contact him at Osato@dlnews.com.
