The post World Liberty Financial Bets on MNT Despite Million-Dollar Losses appeared on BitcoinEthereumNews.com.

World Liberty Financial (WLFI) has acquired $3 million worth of Mantle (MNT) tokens, reaffirming its commitment to cryptocurrency investments. This move comes as the President Trump-backed decentralized finance (DeFi) project faces a significant unrealized loss exceeding $100 million. World Liberty Financial Makes Bold Investment Amid Portfolio Decline According to data from Lookonchain, WLFI invested $3 million Tether (USDT) to acquire 3.54 million MNT tokens, purchasing them at an average price of $0.84 per token. This latest investment follows World Liberty Financial’s acquisition of Avalanche (AVAX) and MNT tokens just last week. At that time, the company spent $2 million to acquire 2.45 million MNT tokens at an average price of $0.81 per token. With this latest addition, WLFI’s MNT holdings total 5.98 million tokens, valued at $5 million. Following the announcement, the altcoin saw a modest price increase. According to BeInCrypto data, its value rose 7.3% in the past 24 hours. At press time, MNT was trading at $0.84. The token’s trading volume also surged by 72.7%, highlighting a notable spike in market activity and investor interest. MNT Price Performance. Source: BeInCrypto However, the positive change was isolated, as WLFI’s broader portfolio painted a somber picture. Despite its continued investments, most of its holdings are in decline. The firm has invested $346 million across 11 tokens. Its holdings include major cryptocurrencies like Ethereum (ETH), Wrapped Bitcoin (WBTC), Tron (TRX), Chainlink (LINK), Aave (AAVE), Ethena (ENA), Movement (MOVE), Ondo (ONDO), Sei (SEI), AVAX, and MNT. Nonetheless, the portfolio’s current value is just $234.6 million at current market prices. As a result, WLFI is facing a loss of $111.4 million. World Liberty Financial Investment Portfolio. Source: X/Lookonchain Further insights from SpotOnChain highlighted that WLFI has spent $28.6 million since the market downturn in late February to acquire six assets. Other than AVAX…

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Filed under: News - @ March 24, 2025 10:26 am