Trump’s WLFI Invests $336M in Crypto Ahead of White House Summit – Why Now?

As the White House Crypto Summit approaches, all eyes are on WLFI, a DeFi project backed by the Trump family. Reports suggest the project has quietly accumulated a staggering $336 million in digital assets, including Bitcoin and several altcoins. But the timing of these moves is raising eyebrows.

With Trump expected to reveal his Bitcoin strategy at the summit, some are wondering – could these investments be linked to a bigger plan?

The market is buzzing with speculation, and the upcoming event could provide the answers.

WLFI’s Holdings and Market Losses

With just over a day left before the March 8 White House Crypto Summit, where Trump may announce his Bitcoin strategy, WLFI made another major crypto purchase. The project bought $21.5 million in tokens, including:

• $10 million in WBTC (110 BTC)
• $10 million in ETH (4,468 ETH)
• $1.5 million in MOVE (3.42 million tokens)

According to blockchain tracking platform Ember, WLFI has spent a total of $336 million buying nine different cryptocurrencies: ETH, WBTC, TRX, LINK, AAVE, ENA, MOVE, ONDO, and SEI. While most of these assets were moved to Coinbase Prime, it is unclear whether they have been sold. WLFI, however, claims they haven’t.

If these holdings remain unsold, WLFI currently has an unrealized loss of about $88 million. The biggest percentage loss is in ENA, which has dropped 63 percent, while the largest dollar loss is in ETH, which is down $67.35 million, or 31 percent.

Trump’s Reserve Plans: How Is the Market Reacting?

Over the weekend, President Donald Trump Donald Trump Donald Trump is an American former president politician, businessman, and media personality, who served as the 45th president of the U.S. between 2017 to 2021. Trump earned a Bachelor of science in economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential election as the Republican Party nominee against Democratic Party nominee Hillary Clinton while losing the popular vote. As president, Trump ordered a travel ban on citizens from several Muslim-majority countries, diverted military funding toward building a wall on the U.S.–Mexico border, and implemented a family separation policy. Trump has remained a prominent figure in the Republican Party and is considered a likely candidate for the 2024 presidential election President shared details about his crypto reserve plans on social media. He stated that the reserve would include alternative cryptocurrencies like XRP, SOL, and ADA. However, he later clarified that Bitcoin and Ethereum would be the main focus due to their higher value.

In a recent interview, Commerce Secretary Howard Lutnick added that Bitcoin would be treated differently from altcoins like XRP, SOL, and ADA. His comments have led to further speculation about the government’s approach to cryptocurrency.

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The First Of Its Kind Crypto Summit!

With the White House Crypto Summit set for March 8, the event could be a major turning point for the market. Trump is expected to reveal his Bitcoin reserve strategy, which could have a significant impact on prices and investor sentiment.

Several industry leaders and members of Trump’s crypto task force will be attending. Meanwhile, Bitcoin and other cryptocurrencies saw a slight rebound on Wednesday as investors awaited key announcements.

The White House Crypto Summit will take place on Friday, March 8, from 1:30 p.m. to 5 p.m. ET. David Sacks, Trump’s AI and crypto advisor, is expected to lead the discussions.

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The coming days could define the future of cryptocurrency in the US, and investors aren’t looking away.