World Liberty Financial Financial (WLFI), the crypto project backed by the family of US President Donald Trump, has made another purchase of Tron’s TRX for its government on-chain data shows.
“As a strong proponent of blockchain technology and innovation in cryptocurrencies, I am excited to see World Liberty Financial integrate TRON as an important part of its growing treasury. TRX’s inclusion as the fourth largest asset in WLFI’s holdings highlights its confidence in the Tron blockchain- network,” Justin Sun, founder of Tron, said in a statement to CoinDesk.”
This latest purchase was for $2.6 million and adds another 10.8 million TRX to WLFI’s treasury. The total holdings of TRX are now at $7.5 million.
“With WLFI leading efforts to bridge the gap between traditional finance and crypto and the Trump administration’s pro-crypto stance, the United States will become an important hub for innovation and cryptocurrency adoption,” Sun continued.
CoinDesk reported in mid-January that WFLI intended to buy 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 on-chain data, where most token purchases comes in before the inauguration.
Sources close to the matter say that WLFI will continue to increase their TRX holdings.