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3h ago

WLFI Sells Roughly 100 Million Tokens to Hut 8 at $0.25 in Treasury Deal

The purchase used locked reserves at a premium to market, prompting questions over token restrictions.

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World Liberty Financial sells tokens to Hut8 for treasury reserves at $0.25 each

Overview

  • World Liberty Financial said the tokens came from locked treasury reserves and were not new issuance or dilution.
  • On-chain data from Arkham Intelligence indicates about 100 million WLFI moved to Hut 8, valuing the sale near $25 million at $0.25 per token.
  • The negotiated price represented roughly a 25% premium to WLFI trading near $0.20 at the time.
  • WLFI’s price slipped about 3% to around $0.20 as trading volumes rose roughly 4% following the announcement, according to CoinMarketCap.
  • WLFI described Hut 8 as a long-term reserve holder within a broader push for institutional participation, and reports note Hut 8’s work with Donald Trump Jr. and Eric Trump on the American Bitcoin venture.