World Liberty Financial Makes $10 Million Ethereum Purchase
World Liberty Financial, the decentralized finance project backed by U.S. President Donald Trump, has recently made a significant investment in Ethereum, acquiring an additional $10 million worth of the popular altcoin.
Despite Bitcoin reaching new all-time highs above $108,000, Ethereum has been struggling to gain upside momentum. However, World Liberty Financial has emerged as a major player in the Ethereum market, making it one of the top buyers of the digital asset.
Following their initial purchase of $47 million in Ethereum on Trump’s inauguration day, the decentralized finance project has continued to show confidence in the altcoin by acquiring an additional $10 million in two separate transactions. The most recent transaction, which took place on January 31, involved the project spending 10 million USDT to acquire 2,972 Ethereum.
According to data from Spot On Chain, this latest purchase has increased World Liberty Financial’s total Ethereum holdings to over 70,000 Ethereum, valued at more than $225 million.
The decision to double down on Ethereum has made it one of the project’s biggest bets in the cryptocurrency market. Arkham, a market intelligence and analytics firm, reports that World Liberty Financial currently holds more than $428 million in various cryptocurrencies, with significant holdings in Ethereum, wrapped Bitcoin, and staked Ethereum.
Despite the recent purchases and positive market sentiment, Ethereum’s price has been relatively stagnant below the $4,000 mark, having retreated from this level in mid-December 2024. However, with fresh momentum from inflows into spot Ethereum ETFs this week, there is potential for a push above this crucial level in the near future.