The Trump family’s financial project, World Liberty Financial (WLFI), transferred $47m of treasury funds into Bitcoin (BTC), as reported by on-chain data. The transaction happened after Donald Trump took the oath and became the 47th President of the United States on January 20, 2025.
The investment was done using Wrapped Bitcoin (WBTC), an ERC-20 token backed 1:1 with Bitcoin. According to Etherscan data, Cow Protocol, an intent-based trading platform, transferred $4.7m into more than 44 WBTC. The purchases were said to have been done in tranches, which gave a pointer to their deliberate approach.
Arkham Intelligence Insights Blockchain analytics platform Arkham Intelligence confirmed the transactions in a post on X, noting that WLFI rotated its treasury into Bitcoin ahead of the inauguration. “The instant he was sworn in, Trump’s project World Liberty FI bought $4.7 million USD of Bitcoin,” Arkham reported.
Blockchain analytics firm Arkham Intelligence Insights also identified the transactions in a post on X, pointing out that WLFI rotated its treasury into Bitcoin before the inauguration. “The instant he was sworn in, Trump’s project World Liberty FI bought $4.7 million USD of Bitcoin,” Arkham stated.
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Source: https://www.cryptopolitan.com/trump-buys-47-million-in-bitcoin/