In a bold move on January 19, World Liberty Financial (WLF), a cryptocurrency venture backed by former President Donald Trump, secured a substantial $15 million in Ethereum (ETH). This purchase, totaling over 4,563 ETH, made headlines just one day before Trump’s highly anticipated inauguration ceremony.
The acquisition was made at an average price of $3,287 per ETH, solidifying WLF’s position as a significant player in the Ethereum space. With this latest purchase, the company’s total Ethereum holdings now exceed 17,980 ETH, valued at approximately $61.6 million.
According to DeBank data, WLF’s portfolio has grown to $106 million in crypto assets, which includes ETH, stablecoins such as USDT and USDC, as well as other assets like AAVE, LINK, WBTC, and several altcoins.
The announcement of this acquisition led to a surge in Ethereum’s price, with the cryptocurrency jumping by over 8% within 24 hours. The price rose swiftly from $3,193 to $3,400, reflecting the market’s excitement over WLF’s continued investment in the asset.
Market sentiment has been buoyed by Trump’s renewed interest in crypto and his favorable stance on the sector. Analysts are speculating that his potential return to the White House could be a catalyst for broader adoption of Bitcoin and other cryptocurrencies.
As WLF continues to ramp up its cryptocurrency holdings, investors are eager to see which assets the firm may target next. For now, the market views WLF’s strategy as a resounding vote of confidence in Ethereum, further propelling the cryptocurrency’s positive momentum.
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