- WLFI boosts its Ethereum holdings by purchasing 256.75 ETH for $1 million, pushing its total stash to 77,226 ETH.
- Ethereum price maintains strength, trading over $3,824, gaining more than 55 percent in the past 30 days.
- Trump-linked entities expand crypto investments amid rising concerns over potential political and financial conflicts.
World Liberty Financial has made another sizable Ethereum purchase, acquiring 256.75 ETH for approximately $1 million. The transaction was completed at an average price of $3,895 per token, adding to the company’s growing crypto portfolio.
The latest acquisition brings WLFI’s total Ethereum holdings to 77,226 ETH. At current market values, this stash is worth about $296 million. Based on an average acquisition price of $3,294, the firm now holds an unrealized profit of nearly $42 million. This recent purchase follows a $30 million acquisition made earlier in the month.
Ethereum Price Maintains Upward Momentum
Ethereum is currently trading above $3,824. Despite a modest 1.6 percent dip in the past 24 hours, the asset has gained over 55 percent in the last 30 days. Analysts are pointing to a sustained market recovery, with declining exchange reserves suggesting reduced sell-side pressure. The recent ETH rally has also triggered renewed investor interest across the broader crypto market.
World Liberty Financial’s Ethereum accumulation mirrors broader activity across Trump-affiliated business interests. Just days ago, Trump Media and Technology Group invested around $300 million in Bitcoin options. These developments are surfacing amid a wave of pro-crypto regulatory moves led by the current administration.
Concerns Raised Over Political Ties and Financial Interests
Critics have voiced concerns about potential conflicts of interest due to the overlap between Donald Trump’s political influence and his business dealings in digital assets. According to Forbes, Trump-linked entities reportedly control approximately $900 million in liquid assets, with nearly half tied to cryptocurrency ventures.
In response to recent scrutiny, the White House issued a statement rejecting any suggestions of wrongdoing. Spokesperson Seth Fields confirmed that the president “has never been involved in conflicts of interest and will never be involved.” Despite ongoing criticism, there has been no official inquiry or regulatory action against WLFI or associated entities.
