Trump-backed World Liberty Financial Buys 3M Mantle, Total Losses Reach $111M

Trump-endorsed World Liberty Financial (WLFI) added 3.54 million Mantle (MNT) to its cryptocurrency holdings on March 23, according to data tracked by Arkham Intelligence.

The entity’s wallet also holds ETH, TRON, AVAX, and MOVE, among others. It looks like someone is stacking.

The entity currently holds eleven digital assets in its wallet, including Ethereum (ETH), Wrapped Bitcoin (WBTC), Tron (TRX), Chainlink (LINK), Aave (AAVE), Ethena (ENA), MOVE (MOVE), Ondo (ONDO), Sei (SEI), Avalanche (AVAX), and MNT.

Long Crypto!

The latest MNT purchase brings WLFI’s total holdings to 5.99 million MNT, worth over $5 million at current market prices. Last week, the DeFi project acquired 2.45 million MNT tokens and 103,911 AVAX tokens.

Diversifying its crypto holdings across various blockchain projects is a way for the project to mitigate market volatility. Plus, the project also wants to invest in innovative DeFi projects to support the development of DeFi and capitalize on business opportunities.

Lookonchain data reveals ETH as the dominant asset in WLFI’s portfolio, valued at approximately $134 million, followed by $69.5 million in WBTC.

The team’s ETH holdings also incurred the heaviest unrealized losses, totaling $85 million at press time. WLFI’s total portfolio losses have surpassed $111 million.

MNT and AVAX, the most recently added cryptocurrencies, are the only holdings reporting unrealized profits, with a combined gain of over $113,800.

WLFI recently formed a strategic collaboration with Sui, the prominent Layer-1 blockchain. The move focuses on integrating Sui’s technology and assets into WLFI’s ecosystem while exploring opportunities to build next-gen blockchain applications, specifically targeting decentralized finance (DeFi).

As part of the partnership, the project will soon add Sui tokens to its “Macro Strategy” reserve, which includes BTC, ETH, TRX, LINK, and ONDO tokens.

The project has also already established relationships with blockchain protocols and institutions, including Ondo Finance, Ethena, Chainlink, and Aave.

WLFI Completes $550 Million Token Sale

Following its WLFI token launch last October, World Liberty Financial announced on March 17 that it had successfully raised $550 million from two sets of token sales. The first set sold $300 million of WLFI tokens, and the second set sold $250 million.

The token sales drew over 85,000 participants, all of whom completed the mandatory Know Your Customer (KYC) process to verify their eligibility.

The completion came despite an initial struggling token sale. The project once retargeted its goal from $300 million to $30 million, a 90% reduction, after facing challenges in meeting its original target.

Early sales raised only $11–12 million due to technical issues, regulatory restrictions, and low investor confidence. However, sales started to surge following Donald Trump’s election win and the launch of the Official Trump (TRUMP) token.

In January, WLFI announced the issuance of an additional 5 billion tokens due to increased investor demand. These tokens were sold at an increased price of $0.05, up from $0.015.

Inspired by Trump and backed by the Trump family, WLFI launched with the goal of offering transparent, accessible, and secure financial solutions. It aims to democratize access to DeFi by creating user-friendly tools.

In a message celebrating the success of the token sales, Zach Witkoff, WLFI co-founder, said that the completion of these sales was simply the beginning, and WLFI plans to release a series of innovative technologies that will push the limits of what can be achieved with digital assets.

“This milestone proves that those who truly understand crypto and finance recognize what we’re building — and that WLFI is on track to supercharge DeFi as it transforms global finance in the coming years,” said Witkoff.

The WLFI token serves as the platform’s governance token. It allows holders to vote on important decisions related to the platform’s development and operations. WLFI is based on the ERC-20 standard on Ethereum, ensuring compatibility with a wide range of DeFi applications.