Trump’s WLFI $336M crypto holdings spark concerns ahead of White House summit

March 05, 2025 11:42 PM PST | By Invezz

Trump’s WLFI $336M crypto holdings spark concerns ahead of White House summit — Image source: Invezz

WLFI’s crypto buys trigger speculation

With just over a day left before the summit, where former President Donald Trump is expected to outline a Bitcoin strategy, WLFI has been actively accumulating digital assets.

The most recent transaction saw the purchase of $10 million worth of Wrapped Bitcoin (WBTC), $10 million in Ethereum (ETH), and $1.5 million in MOVE tokens.

Blockchain data from EmberCN monitoring suggests that WLFI has spent $336 million acquiring a total of nine tokens, including Ethereum, Wrapped Bitcoin, TRX, LINK, AAVE, ENA, MOVE, ONDO, and SEI.

余烬

@EmberCN

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距离 3/8 凌晨的白宫加密峰会还有一天多的时间 (会上特朗普可能会公布比特币储备战略)，特朗普家族支持的 DeFi 项目 WLFI 又购买了 $2150 万的代币。包括：$1000 万的 $WBTC (110 枚)、$1000 万的 $ETH (4468 枚)、$150 万的 $MOVE (342 万枚)。到目前为止 WLFI 总共是花了 3.36 亿 U 配置购买过 9…

6:40 AM · Mar 6, 2025

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A significant portion of these holdings were transferred to Coinbase Prime, but it remains unclear whether they were liquidated.

While WLFI maintains that no assets have been sold, on-chain data shows unrealized losses amounting to approximately $88 million.

Among the holdings, ENA has seen the steepest percentage drop, losing 63% of its value, while Ethereum represents the largest unrealized loss in dollar terms, with a $67.35 million decline—31% from its initial purchase price.

Trump’s reserve plans remain unclear

Trump has hinted at a cryptocurrency reserve plan, indicating that assets such as XRP, Solana (SOL), and Cardano (ADA) could be included.

However, in a follow-up statement, he clarified that Bitcoin and Ethereum would remain the primary focus of the initiative.

Commerce Secretary Howard Lutnick recently suggested that Bitcoin would receive special treatment compared to other digital assets, though specific details remain undisclosed.

This raises questions about whether WLFI’s asset allocations align with broader policy objectives or if the timing of purchases is coincidental.

Crypto summit expected to impact markets

The highly anticipated White House Crypto Summit on March 8 is expected to provide clarity on Trump’s vision for digital assets.

Market participants are closely watching the event, given its potential impact on regulatory decisions and institutional investment in the sector.

The summit, scheduled from 1:30 p.m. to 5 p.m. ET, will be led by David Sacks, who has been positioned as Trump’s AI and crypto policy lead.

Several key figures from the cryptocurrency industry and members of Trump’s digital asset task force are set to attend.

Ahead of the summit, Bitcoin and other cryptocurrencies experienced a slight price recovery, reflecting growing anticipation around potential policy announcements.

While Trump’s stance on crypto remains a focal point, the event is expected to shape discussions on regulation, institutional adoption, and the future of digital asset markets in the US.

The post Trump’s WLFI $336M crypto holdings spark concerns ahead of White House summit appeared first on Invezz

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