World Liberty Financial Acquires $4 Million in Avalanche and Mantle Tokens
World Liberty Financial (WLFI) has expanded its crypto holdings by acquiring Avalanche (AVAX) and Mantle (MNT) tokens worth $4 million, increasing its total digital asset portfolio to over $340 million. Key details include:
- WLFI purchased over 103,000 AVAX tokens for $2 million.
- WLFI acquired 2.45 million MNT tokens for another $2 million.
- Current holdings include Ethereum, Wrapped Bitcoin, Tron, Chainlink, Aave, Ethena, Movement, Ondo, and SEI.
- Despite acquisitions, WLFI faces an unrealized loss exceeding $100 million, largely from Ethereum.
- WLFI is reportedly in talks with Binance regarding potential investments, which the company denies as politically motivated rumors.
- WLFI aims to democratize access to digital assets through partnerships and a focus on decentralized finance.
- A recent token sale raised hundreds of millions, enabling governance participation for token holders.
Market observers are analyzing how WLFI's strategies will influence the broader DeFi landscape.