Trump profits over $57 million from WLFI sales, Truth Social applies for a Bitcoin and Ether combo ETF, etc.

Trump earned over 57.35 million dollars through the Crypto Assets project World Liberty Financial.

According to Donald Trump's latest financial disclosure, he earned $57.35 million in 2024 through the token sale of World Liberty Financial (WLFI).

The document shows that Trump holds 15.75 billion WLFI governance tokens, which grants him significant voting power as the project's "Chief Encryption Advocate" and honorary co-founder.

It is reported that Trump's two sons also hold the position of co-founders in the DeFi project, but do not hold any senior positions such as executives, directors, founders, or actual operators.

The recent round of WLFI token sales was completed in March this year, raising $550 million by selling 25% of the total supply of tokens. Co-founder Zak Folkman stated that the project plans to sell 63% of the total token supply to the public.

World Liberty has recently started to focus on promoting its dollar stablecoin USD1, and at the beginning of this month, it airdropped this stablecoin to WLFI holders.

However, Trump's deep ties to the project have also drawn criticism from several Democratic senators, who accuse him of potential conflicts of interest.

Truth Social has again applied to the SEC for a Bitcoin + Ethereum ETF.

Truth Social, the social platform owned by Trump (operated by Trump Media & Technology Group), submitted its second Crypto Assets ETF application to the U.S. Securities and Exchange Commission (SEC) on Monday, aiming to track the spot performance of Bitcoin and Ethereum.

The fund will be initiated by Yorkville America Digital, planning an initial allocation of approximately 75% Bitcoin and 25% Ethereum, but the ratio can be dynamically adjusted based on market conditions. Foris DAX Trust Co. will act as the custodian, and this institution has also participated in its previous single-asset Bitcoin ETF.

Truth Social is the third company after Bitwise and Hashdex to apply to the SEC for a Bitcoin + Ethereum spot ETF, while Volatility Shares and ProShares have applied for futures-based versions.

Strategy to repurchase 10,100 coins of Bitcoin, Metaplanet reaches the 10,000 BTC milestone

Strategy (formerly known as MicroStrategy) announced on Monday that it has purchased 10,100 coins of Bitcoin, worth $1.05 billion. After this purchase, its total holdings reach 592,100 BTC, with a market value exceeding $6.3 billion, accounting for approximately 2.8% of the total supply of Bitcoin.

Meanwhile, Japanese listed company Metaplanet's Bitcoin holdings have surpassed 10,000 coins, marking a growing strategic allocation of digital assets by traditional enterprises.