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As Donald Trump took oath as the 47th President of the U.S. on Monday, World Liberty Financial , a cryptocurrency project backed by him, announced a series of strategic purchases, including Ethereum (CRYPTO: ETH ) and Wrapped Bitcoin (CRYPTO: WBTC ).

What Happened: In an X post, the decentralized finance platform disclosed buying several cryptocurrencies, including $47 million each in Ethereum and Wrapped Bitcoin, a converted version of Bitcoin that can be used on Ethereum’s blockchain.

With the latest grab, World Liberty Financial’s total ETH holdings shot up to 57,115, worth over $185 million at the current market price, according to on-chain analytics firm Arkham. WBTC was its second-largest holding.

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Other important buys included $4.7 million worth of Tron (CRYPTO: TRX ), Aave (CRYPTO: AAVE ), Chainlink (CRYPTO: LINK ), and Ethena (CRYPTO: ENA ).

World Liberty Financial said the purchases commemorated Trump’s inauguration.

Trending: If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it ?

Why It Matters: World Liberty Financial has been steadily piling on DeFi-linked cryptocurrencies like ETH, AAVE, and LINK to build its platform.

Launched as a decentralized money market last year, the protocol will allow users to borrow , lend, and earn interest on cryptocurrencies . The WLFI token would serve as the platform’s governance token, enabling users to engage in DeFi-related activities.

The project was aggressively promoted by Trump and his family, and a firm associated with the President-elect, DT Marks DEFI, LLC, stands to receive 75% of the protocol revenue.