Trump crypto team buys $47m BTC
U.S. President Donald Trump’s crypto team has moved $47 million in treasury funds into Bitcoin, according to on-chain data.
Specifically, the Trump family’s World Liberty Financial (WLFI) invested $47 million into Bitcoin (BTC). The team purchased Wrapped Bitcoin (WBTC), an ERC20 token backed 1:1 with the world’s flagship digital asset Bitcoin (BTC). This transaction occurred just hours before Trump took the oath of office on January 20, 2025, to become the 47th President of the United States.
David Bailey, CEO of Bitcoin Magazine, shared via X that the U.S. President’s crypto team had begun rotating its treasury into BTC. He highlighted multiple purchases of WBTC, made in increments of $4.7 million, shortly…
