- WLFI transferred $307M in crypto holdings to Coinbase for treasury management.
- The fund change comes after a global financial sell-off sparked by Trump’s tariffs.
The cryptocurrency project WLFI, associated with the president of Donald Trump and his family, has transferred over $300 million in crypto assets into Coinbase. According to WLFI, the company claimed this is a routine treasury management, keeping it safe and efficient.
According to reports, WLFI moved some $307.41 million worth of assets such as Ethereum, and ETH to Coinbase on February 5, 2025. The development attracted the crypto community since it happened in the aftermath of a sell-off in global financial markets as the administration led by President Donald Trump levied new tariffs on several items. The crypto market saw liquidations exceeding $2 billion, further heightening speculation about WLFI’s intentions.
World Liberty Financial Shifts Major Assets for Operations
The move comprised unstaking 19,423 stETH (staked Ethereum) into ETH and buying 1,826 ETH for around $5 million worth of USDC, at an average price of $2,738.These purchasing and selling decisions indicate that WLFI is accumulating additional ETHs, taking advantage of prevailing relatively low prices in response to market turbulence. As of now, WLFI has some $96.62 million in diversified crypto assets, although the value of its entire portfolio decreased by 21% from what it was before market fluctuations triggered by tariffs.
WLFI went further to break down the way funds were being moved in its post on X, saying such actions are normal treasury management actions done to cover fees expenses, and capital requirements. According to the project, this is just part of their ongoing efforts toward securing a solid and efficient treasury, and dismissal of the views that there is some kind of unusual or strategic reason behind such a move.
WLFI was on rumors for trying to do token swaps with other protocols; however, the organization has recently come out to deny this. The main decision made by the project regarding such a large portion of its assets, especially at this point when there is much price volatility in ETH, is quite open to interpretations on future strategy and involvement in the crypto space.
Source: https://www.livebitcoinnews.com/trumps-world-liberty-financial-shifts-crypto-to-coinbase/