The crypto company tied to the US president and his family unlocked 24.6 billion tokens, making their holdings worth about $5 billion.
An entity tied to US President Donald Trump’s family now holds about $5 billion worth of World Liberty Financial’s governance token (WLFI) after a significant unlock on Monday.
According to World Liberty Financial’s website, DT Marks DEFI LLC and “certain family members” of Trump held 22.5 billion WLFI tokens. The company reported unlocking 24.6 billion WLFI tokens on Monday as part of a scheduled move to establish an initial circulating supply, briefly boosting the price to $0.40 before it fell to about $0.21 at time of publication.
World Liberty previously said the holdings of its founders — including Trump and his three sons, Donald Trump Jr., Barron Trump and Eric Trump — would initially remain locked. However, Monday’s unlocking effectively gave the Trump family’s stake a valuation of about $5 billion based on the WLFI price at the time of publication.
Trump and his sons endorsed the crypto company following its September 2024 launch, amid his presidential campaign. The project is one of many — along with his memecoin, Official Trump (TRUMP) and a family-tied Bitcoin (BTC) mining company — under criticism from lawmakers, saying they could be used to influence US government policies through financial ties to the president.
Related: China could leverage crypto control over Trump family wealth
The New Yorker reported in August that Trump personally gained about $2.4 billion from his crypto ventures since 2022, before the token unlock. In addition to gains from World Liberty Financial, his family’s mining venture and his memecoin, the president reportedly netted $243 million from crypto deals between the US and United Arab Emirates and $1.3 billion from Trump Media and Technology Group’s Bitcoin holdings.
Mining company set to go public on Tuesday
Shares of the Trump family’s crypto mining company, American Bitcoin, are expected to be publicly listed after Tuesday as part of a merger with Gryphon Digital, another Bitcoin mining entity. The deal includes a reverse five-to-one stock split, with the combined company trading under the ticker symbol ABTC.
Cameron and Tyler Winklevoss, the co-founders of cryptocurrency exchange Gemini, reportedly invested an undisclosed amount in American Bitcoin. Donald Trump, Jr. and Eric Trump owned 20% in the mining company before the merger.
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Cointelegraph by Turner Wright