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 J. Trump is a US-based entrepreneur, Pro-crypto Politician, and the 45th and 47th President of the United States of America. He understands the importance and needs of the modern fintech world, and people look up to him as a dominant pro-crypto leader.   Quick Facts   Full name Donald John Trump Birth 14-06-1946, New York, United States Nationality American Education BS from the University of Pennsylvania Known For Businessman, Pro-Crypto Politician   Once doubtful about Bitcoindominance, he said in a tweet in 2019, “I am not a fan of Bitcoin", but now has a significant amount of cryptocurrency holdings in his kitty. He has also signed an Executive Order to establish a Strategic Bitcoin Reserve, which highlights his commitment to the future of cryptocurrency.   Donald Trump - Career Highlights & Events   2016 – Elected as the 45th President of the United States from the Republican Party.   2017 – Signed the Tax Cuts and Jobs Act, impacting investment environments   2019 – Criticized Bitcoin and Libra on X, dubbing them as "not money"   2024 – Campaign signals potential openness to crypto-friendly reforms   2025 –  Elected as the 47th President of the United States from the Republican Party.   A meme coin, $TRUMP, is associated with Donald Trump, which is listed on the Solana blockchain platform. His family also backs World Liberty Financial (WLF), a crypto venture.     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.

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