With the White House Crypto Summit just days away, attention is turning to WLFI, a DeFi project backed by the Trump family, and its cryptocurrency holdings.
Reports indicate WLFI has amassed $336 million in digital assets, including Bitcoin and Ethereum, prompting questions about whether these movements could influence the market before key policy announcements.
The timing of these acquisitions, particularly the latest $21.5 million purchase, has led to speculation about potential strategic positioning ahead of the event.
WLFI’s crypto buys trigger speculation
With just over a day left before the summit, where former President Donald Trump is expected to outline a Bitcoin strategy, WLFI has been actively accumulating digital assets.
The most recent transaction saw the purchase of $10 million worth of Wrapped Bitcoin (WBTC), $10 million in Ethereum (ETH), and $1.5 million in MOVE tokens.
Blockchain data from EmberCN monitoring suggests that WLFI has spent $336 million acquiring a total of nine tokens, including Ethereum, Wrapped Bitcoin, TRX, LINK, AAVE, ENA, MOVE, ONDO, and SEI.
A significant portion of these holdings were transferred to Coinbase Prime, but it remains unclear whether they were liquidated.
While WLFI maintains that no assets have been sold, on-chain data shows unrealized losses amounting to approximately $88 million.
Among the holdings, ENA has seen the steepest percentage drop, losing 63% of its value, while Ethereum represents the largest unrealized loss in dollar terms, with a $67.35 million decline—31% from its initial purchase price.
Trump’s reserve plans remain unclear
Trump has hinted at a cryptocurrency reserve plan, indicating that assets such as XRP, Solana (SOL), and Cardano (ADA) could be included.
However, in a follow-up statement, he clarified that Bitcoin and Ethereum would remain the primary focus of the initiative.
Commerce Secretary Howard Lutnick recently suggested that Bitcoin would receive special treatment compared to other digital assets, though specific details remain undisclosed.
This raises questions about whether WLFI’s asset allocations align with broader policy objectives or if the timing of purchases is coincidental.
Crypto summit expected to impact markets
The highly anticipated White House Crypto Summit on March 8 is expected to provide clarity on Trump’s vision for digital assets.
Market participants are closely watching the event, given its potential impact on regulatory decisions and institutional investment in the sector.
The summit, scheduled from 1:30 p.m. to 5 p.m. ET, will be led by David Sacks, who has been positioned as Trump’s AI and crypto policy lead.
Several key figures from the cryptocurrency industry and members of Trump’s digital asset task force are set to attend.
Ahead of the summit, Bitcoin and other cryptocurrencies experienced a slight price recovery, reflecting growing anticipation around potential policy announcements.
While Trump’s stance on crypto remains a focal point, the event is expected to shape discussions on regulation, institutional adoption, and the future of digital asset markets in the US.
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