Trump’s WLF buys $47 million Bitcoin immediately after his swear-in

The investment was done using Wrapped Bitcoin (WBTC), an ERC-20 token backed 1:1 with Bitcoin. According to Etherscan data, Cow Protocol, an intent-based trading platform, transferred $4.7m into more than 44 WBTC. The purchases were said to have been done in tranches, which gave a pointer to their deliberate approach.

Arkham Intelligence Insights Blockchain analytics platform Arkham Intelligence confirmed the transactions in a post on X, noting that WLFI rotated its treasury into Bitcoin ahead of the inauguration. “The instant he was sworn in, Trump’s project World Liberty FI bought $4.7 million USD of Bitcoin,” Arkham reported.

Blockchain analytics firm Arkham Intelligence Insights also identified the transactions in a post on X, pointing out that WLFI rotated its treasury into Bitcoin before the inauguration. “The instant he was sworn in, Trump’s project World Liberty FI bought $4.7 million USD of Bitcoin,” Arkham stated.

This is a developing story

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