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World Liberty Financial Dumps BTC For ETH Amid Treasury Shuffle

World Liberty Financial, the DeFi platform affiliated with the Trump family, has started dumping Bitcoin for Ethereum.

According to data from Arkham Intelligence, the exchange swapped 103 wrapped BTC worth approximately $10 million for 3,075 ETH on Jan. 14. It then transferred $61.4 million worth of ETH to multiple wallets, including Coinbase Prime.

The exchange explained the transfers in a Jan. 14 X post, stating that it only made routine movements of its crypto holdings for business purposes and did not intend to sell any tokens.

“We’re making routine movements of our crypto holdings as part of regular treasury management, and payment of fees and expenses and to address working capital requirements. To be clear, we are not selling tokens—we are simply reallocating assets for ordinary business purposes,” World Liberty wrote.

World Liberty Financial Dumps BTC For ETH Amid Treasury Shuffle

World Liberty Financial, the DeFi platform affiliated with the Trump family, has started dumping Bitcoin for Ethereum.

According to data from Arkham Intelligence, the exchange swapped 103 wrapped BTC worth approximately $10 million for 3,075 ETH on Jan. 14. It then transferred $61.4 million worth of ETH to multiple wallets, including Coinbase Prime.

The exchange explained the transfers in a Jan. 14 X post, stating that it only made routine movements of its crypto holdings for business purposes and did not intend to sell any tokens.

“We’re making routine movements of our crypto holdings as part of regular treasury management, and payment of fees and expenses and to address working capital requirements. To be clear, we are not selling tokens—we are simply reallocating assets for ordinary business purposes,” World Liberty wrote.
https://thedefiant.io/news/defi/world-liberty-financial-dumps-btc-for-eth-amid-treasury-shuffle