The post Trump’s World Liberty Financial wants to build a ‘strategic’ token reserve: report appeared on BitcoinEthereumNews.com.

World Liberty Financial, President Trump’s DeFi platform, is planning to create a crypto strategic reserve by buying more tokens. According to a Bloomberg report, co-founder of World Liberty Financial, Chase Herro, said that the platform aims to build a “strategic reserve” using cryptocurrency that the project has bought. Although, he did not specify what sort of purpose the reserve will have. Based on data from Arkham Intelligence, a wallet linked to World Liberty Financial recently bought 342,000 ONDO (ONDO), which is WLF’s governance token, for $470,000 USDC (USDC) on the CoW Protocol. This brings World Liberty Financials’ ONDO holdings to 342,002 ONDO, worth approximately $478,800. WLF also bought ONDO tokens worth $245,000 two months ago before sending them to Coinbase Prime. On the same day, Ondo Finance announced that will launch its own layer 1 blockchain called Ondo Chain. According to data from crypto.news, ONDO dipped slightly by 0.06% in the past 24 hours and nearly 8.5% in the past week. The token is currently trading hands at $1.40. ONDO’s 24-hour trading volume stands at more than $660 million. Price chart for ONDO on February 7, 2025 | Source: CoinGecko World Liberty Financial’s crypto portfolio At the time of writing, World Liberty Financial has crypto holdings worth approximately $34.03 million. WLF’s crypto portfolio consists of a variety of crypto assets, with most of its holdings stored in USD Coin and Tron (TRX). Additionally, WLF also keeps funds in Lido Staked Ether (STETH), Tether (USDT), Ethereum (ETH), Ondo, Colle AI, American Coin, Grok, Hoppy, Tap Protocol and REKT. Currently, WLF holds $14.9 million worth of USD Coin, followed by $9.31 million in TRX, and $5 million worth of STETH. Additionally, WLF holds a total of 538.19 ETH, worth around $1.47 million. On Jan. 31, WLF bought a large chunk of Ethereum…

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Filed under: News - @ February 7, 2025 12:18 pm