World Liberty Financial Financial (WLFI), the crypto project backed by US President Donald Trump’s family, has made another purchase of TRX from Tron for its on-chain treasury data.
“As a strong advocate of blockchain technology and cryptocurrency innovation, I am excited to see World Liberty Financial integrate TRON as a key part of its growing treasury. The inclusion of TRX as the fourth-largest asset in WLFI’s holdings highlights its confidence in the Tron blockchain network,” Tron founder Justin Sun said in a statement to CoinDesk.
This most recent purchase was for a sum of $2.6 million and adds an additional 10.8 million TRX to WLFI’s treasury. Total TRX holdings now stand at $7.5 million.
“With WLFI leading efforts to bridge traditional finance and cryptocurrencies and the Trump administration’s pro-crypto stance, the United States will become a major hub for cryptocurrency innovation and adoption,” Sun continued.
CoinDesk reported in mid-January that WFLI intended to purchase TRX and a Tron delegation attended Trump’s inauguration.
WFLI also holds $182 million in ETH, $48 million in WBTC, $7.2 million in Tether’s USDT, $7 million in AAVE, and $6.7 million in Chainlink’s LINK according to data from the chain and the majority of token purchases were made before the inauguration.
Sources close to the matter say that WLFI will continue to increase its TRX holdings.
