Trump-Backed World Liberty Financial Buys More ETH & MOVE
World Liberty Financial, backed by Trump, buys 1,917 ETH ($5M) and 830,469 MOVE ($470K), strengthening its crypto position.
- Trump-backed World Liberty Financial purchased 1,917 ETH and 830,469 MOVE.
- The total investment amounts to $5 million in ETH and $470,000 in MOVE.
- This move signals increasing crypto adoption by politically-linked entities.
Trump-Backed Firm Increases Crypto Holdings
World Liberty Financial, a firm reportedly backed by former U.S. President Donald Trump, has made another significant investment in cryptocurrency. Recent on-chain data reveals that the company has acquired 1,917 Ethereum (ETH) worth approximately $5 million and 830,469 MOVE tokens valued at around $470,000. This strategic move indicates a growing interest in digital assets from politically-affiliated financial entities.
What This Means for Crypto Markets
The purchase by World Liberty Financial could influence the broader crypto market, especially in terms of institutional adoption. With Ethereum being a key player in decentralized finance (DeFi) and MOVE tokens gaining traction in the digital economy, this acquisition could be a strategic positioning for the company’s future in blockchain technology.
Moreover, Trump’s indirect involvement through a financial entity suggests a potential shift in political figures’ stance towards cryptocurrencies. His previous skepticism of digital assets contrasts with this continued backing of firms engaged in blockchain investments.
🚨TODAY: Trump-backed World Liberty Financial bought another 1,917 $ETH worth $5M and 830,469 $MOVE worth $470K, per data from @arkham. pic.twitter.com/BGkmymxAcI
— Cointelegraph (@Cointelegraph) February 12, 2025
Growing Trend of Political Crypto Investments
This acquisition aligns with a broader trend of increasing crypto involvement by high-profile individuals and organizations. As regulatory clarity improves, more institutions and influential figures are expected to enter the space. The move by World Liberty Financial could inspire other politically-affiliated firms to explore digital asset investments further.
