World Liberty Financial, a company linked to Donald Trump's family, continues to invest in cryptocurrencies despite mounting losses.
According to Lookonchain, the project acquired 1917 ETH worth about $5 million and 830 MOVE tokens worth about $469. On January 470, World Liberty Financial added 000 ETH (about $29 million) and 3191 million MOVE ($10 million) to its portfolio.
Despite aggressive investments in cryptocurrency, World Liberty Financial has already suffered significant losses of $21,78 million. The project lost the most, about $14,9 million, due to the fall in the Ethereum exchange rate.
Other cryptocurrencies in World Liberty Financial's portfolio include: Wrapped Bitcoin (WBTC), AAVE and ENA, also had a negative impact on the company's balance sheet. According to Lookonchain, the purchase of 56 ETH at $317 per asset resulted in a loss of more than $3373 million, while investments in 14 WBTC resulted in losses of $647 million.
Despite these setbacks, Donald Trump Jr. remains optimistic about the future of World Liberty Financial's crypto strategy.
We are all very proud of what we are achieving in the crypto space. Trump is currently the most popular digital meme on Earth, and I truly believe that WorldLibertyFi will revolutionize DeFi /Cefi will be the future of finance. We are just getting started! - he said in January.
