World Liberty Financial, a crypto venture linked to Donald Trump’s family, has expanded its altcoin portfolio with a significant investment in SEI tokens.
World Liberty Financial has added another asset to its growing portfolio by purchasing $775,000 worth of ‘SEI tokens’ . This move is part of the company’s altcoin accumulation strategy, which aims to diversify its holdings and capitalize on potential growth opportunities in the cryptocurrency market.
SEI tokens, also known as Specialized Energy Index tokens, are a type of digital asset used to represent energy production and consumption.
They are designed to facilitate the trading and management of renewable energy credits (RECs).
SEI tokens can be issued by energy producers or consumers and are typically traded on blockchain-based platforms.
This innovative approach aims to increase transparency and efficiency in the energy market, enabling a more sustainable future.
The purchase was funded with USDC transferred from the project’s main wallet to a trading wallet that has been used in prior altcoin buys. This move demonstrates World Liberty Financial‘s commitment to diversifying its portfolio, which currently includes not only top cryptocurrencies like ‘bitcoin’ (BTC) and ‘ether’ (ETH), but also other tokens such as TRX, MOVE, ONDO, and several others.
World Liberty Financial is a global investment management company that offers financial services to individuals and institutions.
Founded in 1996, the company provides investment solutions across various asset classes, including equities, fixed income, and alternative investments.
With a strong focus on risk management, World Liberty Financial aims to help clients achieve their long-term financial goals.
The company operates globally with offices in major financial hubs, serving clients from diverse backgrounds and industries.
In recent news, World Liberty Financial denied reports suggesting it sold ‘ether or any of its other positions’ after a wallet belonging to the project sold around $8 million worth of the second-largest cryptocurrency. The reported sale led to a surge in the price of SEI, which has now jumped by over 27% over the past week and trades at $0.178 per token.
World Liberty Financial is a crypto venture backed by U.S. President Donald Trump‘s family. As part of its investment strategy, the company aims to accumulate altcoins and capitalize on potential growth opportunities in the market. With this latest purchase, World Liberty Financial continues to demonstrate its commitment to diversifying its portfolio and exploring new investment opportunities.
Francisco Rodrigues is a reporter for CoinDesk with a passion for cryptocurrencies and personal finance. Before joining CoinDesk, he worked at major financial and crypto publications. He owns bitcoin, ether, solana, and PAXG above CoinDesk’s $1,000 disclosure threshold.
