Trump-Backed World Liberty Financial Exchanges 103.1 WBTC for 3,075.2 ETH in $60 Million Treasury Move

Jan 15, 2025, 01:33 AM

World Liberty Financial, a decentralized finance project supported by Donald Trump's family, has executed a significant treasury management operation involving cryptocurrency. The firm exchanged 103.1 Wrapped Bitcoin (WBTC), valued at approximately $9.89 million, for 3,075.2 Ethereum (ETH) at a rate of $0.03354. Following this exchange, World Liberty Financial deposited 18,536 ETH, worth around $59.8 million, into Coinbase Prime. Additionally, the firm spent $1.7 million in Tether (USDT) to acquire 17.62 WBTC at a price of $96,491 each. This series of transactions highlights the ongoing financial maneuvers of Trump-backed entities in the cryptocurrency market.