- Trump’s crypto-backed project, WLFI, just bought $4M worth of AVAX and MNT, despite already being $118M in losses across 11 different tokens.
- Trump has proposed a national crypto strategic reserve, aiming to stockpile Bitcoin and major altcoins as part of a broader effort to position the U.S. as a crypto leader.
- WLFI’s ongoing losses and Trump’s push for government-level crypto adoption raise questions on whether this strategy will turn profitable or continue bleeding funds.
Donald Trump’s crypto-backed venture, World Liberty Financial (WLFI), is doubling down on digital assets—despite being nearly $120 million underwater. On-chain data from blockchain analytics firm Lookonchain reveals that WLFI just scooped up another multi-million-dollar haul of Avalanche (AVAX) and Mantle (MNT).
Buying Spree Continues Despite Massive Losses
Lookonchain reports that WLFI purchased 103,911 AVAX ($2M) and 2.45M MNT ($2M) in its latest investment round. That brings the project’s total spending to a staggering $343 million across 11 tokens—and not a single one is in the green.
What’s WLFI Betting On?
Avalanche, a Layer-1 blockchain competing with Ethereum (ETH), has seen its price drop to $18.35, while Mantle, a Layer-2 scaling solution for Ethereum, currently trades at $0.826.
Despite its struggles in the market, WLFI continues to build its crypto war chest. And Trump? He’s pushing for something even bigger.
Trump’s “Crypto Reserve” Plan—A Game-Changer?
Beyond WLFI’s private acquisitions, Trump has proposed a national US crypto strategic reserve—holding Bitcoin (BTC) and major altcoins as part of a government-backed initiative.
The initial announcement of this reserve sent the crypto market soaring by $100 billion—a surge that proved short-lived.
Trump positioned the idea as a countermeasure against “corrupt attacks” on crypto by the Biden administration,doubling down on his plan to make the US “the crypto capital of the world.”
With WLFI bleeding cash and Trump pushing for federal-level adoption, all eyes are on whether this high-stakes gamble will turn things around—or sink deeper into the red.
