Bitcoin Holds $92K as World Liberty Financial Expands Holdings

• Bitcoin holds $92K amid crypto market stability, with Ethereum seeing a 5% increase following major transactions.
• World Liberty Financial expands its holdings, acquiring 7,092 ETH and 162.69 WBTC in its latest transactions.
• MOVE token experiences a 24% surge as World Liberty Financial continues strategic crypto acquisitions.

Bitcoin has sustained its recovery momentum over the past 24 hours, with its price currently at $92,000. The cryptocurrency has faced significant market fluctuations this week, but it continues to hold its gains. Meanwhile, activity within the digital assets space has intensified, particularly regarding World Liberty Financial, a decentralized finance (DeFi) project associated with Donald Trump.

World Liberty Financial Makes Large-Scale Crypto Purchases

Reports from Arkham Intelligence indicate that World Liberty Financial transferred $25 million in USDC to a separate contract a few hours ago. The contract then utilized these funds to purchase $10 million worth of Ethereum (ETH), $10 million in Wrapped Bitcoin (WBTC), and $1.5 million in MOVE tokens. 

This activity has marked a continuation of the project’s recent focus on increasing its ETH holdings. Over the past few weeks, World Liberty Financial has been actively accumulating Ethereum. The project now holds approximately 7,092 ETH. 

Its Bitcoin holdings have also increased, currently standing at 162.69 WBTC. Data suggests that the DeFi project has continued purchasing Ethereum in smaller amounts following the initial transaction.

Additional Transactions and Market Activity

According to Arkham Intelligence, within the last two hours, World Liberty Financial has been exchanging USDT for Ethereum. The project also holds various other altcoins, including Tron, ONDO, Wrapped Ethereum, and MOVE. Notably, its MOVE holdings amount to 7.581 million tokens, valued at $3.57 million.

The project had previously conducted similar altcoin acquisitions in January. Additionally, last month, discussions emerged regarding the establishment of a strategic reserve to support future developments.

Following these transactions, Ethereum experienced a price surge of 5%. The cryptocurrency saw a notable increase during the morning hours of February 6, pushing its value back to the $2,300 level. Meanwhile, Bitcoin maintained its upward trend, reflecting broader market movements.