World Liberty Financial, Backed by Trump, Buys More Crypto Despite $118 Million Losses
In a surprising turn of events, World Liberty Financial (WLFI), supported by US President Donald Trump, has purchased additional digital assets, even as on-chain data reveals total losses reaching $118 million. Reports indicate that the firm acquired approximately $2 million worth of Avalanche (AVAX) and Mantle (MNT).
This bet reflects a proactive approach in the volatile crypto market. Investors are watching to see how these acquisitions will play out. The strategic decisions made by WLFI will certainly impact discussions about resilience and recovery in the face of significant losses.
As more funds flow into the crypto ecosystem, only time will tell whether this strategy will yield positive results or if it further complicates their position in the market.