Trump’s Crypto Fund Buys $3M MNT Amid Market Dip
Donald Trump’s fund buys $3M MNT, now holds $5M worth of tokens with $1.62M unrealized loss.
- Trump’s fund bought 3.54M MNT for $3M
- The project now holds $5.05M worth of MNT
- Total $28.6M spent on 6 tokens with $1.62M unrealized loss
Trump’s Crypto Investment Push Continues
Donald Trump’s World Liberty Financial is once again making headlines in the crypto world. The project, known for its aggressive crypto moves, just spent $3 million in USDT to purchase 3.54 million MNT tokens. This latest acquisition brings the fund’s MNT holdings to a total of 5.99 million tokens, originally bought for $5 million, now valued slightly higher at $5.05 million.
A $28.6M Crypto Portfolio and a Market Dip
Since the sharp market dip in late February, Trump’s fund has been actively buying. Over the past few weeks, it has spent a total of $28.6 million acquiring six different tokens: ETH, WBTC, MOVE, SEI, AVAX, and MNT. Despite this aggressive accumulation, the fund currently shows an unrealized loss of $1.62 million, signaling the impact of market volatility on large crypto investments.
While the current losses may seem significant, such moves suggest a long-term investment strategy. By buying during a market downturn, World Liberty Financial might be positioning itself for substantial future gains, should prices recover.
What This Means for Crypto Markets
Trump’s involvement in crypto through World Liberty Financial has stirred discussions about political figures and institutional crypto investments. His fund’s aggressive purchases highlight growing confidence in digital assets, even amid short-term losses. Market watchers will be keen to see if these strategic buys pay off in the coming months.
