- World Liberty Financial is reported to have added Mantle (MNT) to its crypto portfolio as it increases its accumulated tokens to 11.
- The DeFi project recently raised $550 million in two different sales of WLFI tokens with the participation of around 85,000 investors.
The Decentralized Finance (DeFi) platform backed by President Donald Trump’s family, World Liberty Financial (WLF), grabs major headlines as it makes additional purchases of Mantle (MNT) tokens to expand its crypto portfolio. According to Lookonchain, WLF has acquired 3.54 million MNT for $3 million USDC at an average price of $0.84.
Following its recent purchase, WLF’s crypto portfolio is currently made up of 11 tokens including ETH, WBTC, TRX, LINK, AAVE, MOVE, ENA, MNT, AVAX, ONDO, and SEI. The current value of the portfolio is $234.5 million. However, its buying cost has increased to $346 million, while the cumulative paper loss also reaches $111 million.
Mantle has since this purchase surged by 7.8% to reach a market cap of $2.8 billion, becoming the 36th largest crypto by valuation. On March 19, its much-anticipated mainnet hard fork, also referred to as the backward-incompatible upgrade, was launched. According to reports, this led to the activation of EigenDA on the network.
Our research shows that this upgrade would significantly improve the scalability of the network without necessarily reaching the data limit. Meanwhile, it has also joined Chainlink SCALE to strengthen its DeFi reliability by ensuring that developers access low-cost, high quality and secure data access, as featured in our recent coverage.
World Liberty Financial’s (WLF) Milestone
Days ago, WLF disclosed that it has raised a staggering amount of “$550 million in a series of its token sales.” According to the announcement shared on X, $300 million and $250 million worth of the WFLI tokens were sold in two different sales. Fascinatingly, the marketing was reportedly done within and outside the US with the participation of more than 85,000 investors.
Before this, Tron founder Justin Sun had invested $75 million in the project, as previously outlined in our blog post. According to the co-founder of World Liberty Financial Zach Witkoff, these sales are just the beginning of the greater development in the pipeline.
We’re gearing up to launch a wave of disruptive technology that will redefine the boundaries of what’s possible with digital assets.
Commenting on the $550 million sales milestone, the WLF co-founder highlighted that this achievement underscores the confidence around the project and how this could significantly transform the DeFi sector in the coming years.
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.
Meanwhile, a 13-page document published by the company indicated that 75% of the network revenue from the sales would be channeled to an affiliated company.
World Liberty Financial is also reported to be working on the establishment of a strategic token reserve to strengthen leading crypto projects while ensuring that stability is provided to the treasury via diversification. As noted in our earlier post, a partnership has been sealed with the Sui network to make this a reality.
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