World Liberty Financial, the cryptocurrency investment platform backed by U.S. President Donald Trump, has seen its portfolio drop by $110 million in unrealized losses. 

According to data from Arkham Intelligence, WLFI’s investment of $336 million across nine cryptocurrencies is now worth approximately $226 million. Of the portfolio’s losses, Ethereum (ETH) is responsible for 65%.

Ethereum is trading at around $2,000 as at Mar. 10, meaning that WLFI, which bought it at an average price of $3,240,  is down an estimated $80.85 million, or almost 37% of its total investment.

Tron (TRX) has proven to be the most resilient of WLFI’s holdings, down just 5%. The portfolio’s other holdings, which have all contributed to the WLFI’s losses, include tokens such as stETH ($10.27M), WHITE ($5.87M), Movement (MOVE) ($3.5M), and Ondo (ONDO) ($296,000).

Despite these losses, WLFI continues to boost its portfolio and expand its network. On Mar. 6, WLFI acquired $21.5 million worth of Ethereum, Wrapped Bitcoin (WBTC) and Movement Network tokens. In addition, the company recently partnered with Sui (SUI), a blockchain founded by former Meta programmers, to explore decentralized finance opportunities.

The partnership has drawn speculations as some believe it is an attempt to expand into other blockchain ecosystems, while others wonder what the real reasons for the partnership are.

Founded in 2024, WLFI has managed to position itself as a major player in DeFi. Trump, along with his close family and allies, controls more than 60% of the project. Despite recent losses, WLFI attracted strong investor interest, raising $300 million during its January 2025 token sale.

Meanwhile, as Trump’s government works to establish a strategic crypto reserve for the United States, critics argue that his growing influence in the cryptocurrency markets may lead to conflicts of interest.

The Trump Organization has denied any wrongdoing, claiming that his children, an outside ethics lawyer, and an independent investment firm run WLFI and that Trump has no direct control over its activities.

On Mar. 10, Bitcoin’s price dropped to $80,052, reflecting a 7% decline over the past 24 hours, as uncertainty surrounding Trump’s economic policies continues to impact the market. As of this writing, Bitcoin is trading at around $82,200.

According to crypto.news price tracker, the overall cryptocurrency market saw a 7% decline, reaching a valuation of $2.77 trillion. While Solana (SOL) and XRP (XRP) registered 7% losses each, Ethereum (ETH) fell 8% to trade close to $2,000. Bitcoin’s (BTC) dominance, at 58.2%, has remained steady despite the decline. Bitcoin trades at $82,200 levels as of this writing.

Over the last 24 hours, the market downturn has led to $616 million in liquidations, according to Coinglass data, with long positions bearing the brunt of the losses at $540.49 million. The losses from Bitcoin alone totaled $231 million.

Adding to the uncertainty, Bitcoin futures on the Chicago Mercantile Exchange opened at $82,110 on Mar. 10, down $4,320 from a close of $86,430 the previous day. After a record $10,350 decrease on Mar. 3, this was the second-largest single-day plunge on CME futures this month.

The market downturn was caused by growing market uncertainty after U.S.  President Donald Trump admitted in a Mar. 9 Fox News interview that his economic policies would bring temporary economic pain. His remarks regarding budget cuts and trade tariffs sparked worries about possible market volatility, which made investors cautious about investing in cryptocurrency and other financial markets. 

Some investors have compared the potential for economic disruptions to the harsh anti-inflation policies of former Federal Reserve Chairman Paul Volcker in the 1980s. While Volcker’s measures stabilized inflation and spurred long-term growth, they initially caused a significant market instability.

BitMEX co-founder Arthur Hayes has cautioned that Bitcoin might fall lower, even retesting $78,000. He pointed out that many Bitcoin options are priced between $70,000 and $75,000, which may cause additional volatility if prices go into that region.

Traders are now watching key economic reports this week, including the U.S. Consumer Price Index on Mar. 12 and the Producer Price Index on Mar. 13. These events could dictate Bitcoin’s next move. 

Bitcoin and other top altcoins like ADA and Ripple’s XRP surged in price minutes after US President Trump issued a statement on a crypto strategic reserve. After languishing below $85k for days, Bitcoin climbed past $90k last Monday and briefly flirted with the $95k level. 

However, crypto’s hot streak was brief, making Trump’s latest statement a “sell on news” event. From $94,770 on March 3, Bitcoin dipped to as low as $82,681 on March 4. Leading altcoins also slumped with BTC, creating a ripple effect across the broader crypto industry. Today, Bitcoin is trading wildly between $84k and $91k, more than 10k below its all-time high.

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What’s Up With The Bitcoin Drop?

Bitcoin gradually recovered from a low of $83,000 last week and bounced back to $92k days before the planned White House Crypto Summit this Friday, March 7th.

Trump’s latest pronouncement did not specify how the reserve shall be funded beyond what was already included in the US’ crypto holdings. Instead of clarity, the statement was just a commitment to retain crypto holdings, with no specifics on funding.

The president’s disclosure on a possible stockpile spurred conversations and debates among analysts and critics. Many crypto holders and supporters backed the possible inclusion of SOL, XRP, and ADA. 

Stock broker and financial commentator Peter Schiff shared his thoughts on the plan, saying the US government should limit the assets included in the pile. He specifically identified “seized assets”, so the government should not buy additional SOL, ADA, XRP, and ETH.

Other Crypto Experts Remain Supportive Of Bitcoin

As Bitcoin and other leading altcoins struggle, other crypto personalities publicly announce their support for the project. For example, Metaplanet CEO Simon Gerovich argued that even though BTC is retreating, there’s no denying the importance of Trump’s latest executive order. 

Gerovich stated that this new order authorizes the Secretaries of Commerce and Treasury to draft a strategy for buying Bitcoin without burdening American taxpayers. He stated that the order is more aggressive and provides a plan for acquiring more crypto without affecting the national budget.

Possible Paths To Acquire BTC Discussed

Gerovich further explains that there are two ways the US government can acquire Bitcoins and set up a strategic stockpile:

One, Trump can exercise his presidential power by using the Exchange Stabilization Fund, which has $39 billion in assets.

Two, the president can rely on Congressional approval. The second option is in line with Senator Lummis’ Bitcoin Bill, where the US government will acquire 200k Bitcoins annually for five years.

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Lummis was one of the first personalities to comment on the latest EO. The senator mentioned that the latest order was just the beginning, and encouraged Congress to pass the Bitcoin bill.

Crypto law expert MetaLawman also joined the conversations, supporting the Lummis plan by referencing the bill’s Section 5(a)(1)(A) which authorizes the US Treasury to buy 1 million Bitcoins in five years.

Featured image from Gemini Imagen, chart from TradingView