Trump-Backed Blockchain Venture Adds $775,000 in SEI to Its Growing Altcoin Portfolio

World Liberty Financial, the cryptocurrency venture associated with the Trump family, has made a significant move by purchasing $775,000 worth of SEI tokens, continuing its strategy of diversifying its altcoin portfolio.

According to data from Arkham Intelligence, the acquisition was made using USDC transferred from the project’s main wallet to a trading account that has been active in previous altcoin purchases. This latest move comes as part of the venture’s ongoing effort to grow its position in both well-established and emerging digital assets.

The company’s holdings already include major players like bitcoin (BTC) and ether (ETH), along with a growing selection of other tokens such as TRX, MOVE, and ONDO.

In a related development, World Liberty Financial responded to recent rumors regarding the sale of ether, categorically denying reports that suggested it had sold approximately $8 million worth of ETH. The firm emphasized that it remains committed to maintaining and growing its current crypto positions.

Following the news, SEI saw a notable 27% price increase over the past week, now trading at around $0.178 per token.