World Liberty Financial, backed by Donald Trump, is actively increasing its Ethereum reserves amid rising prices.
Recent Purchases by WLFI
On-chain data shows addresses associated with WLFI continuing to accumulate Ethereum, with a recent purchase of 1,740 ETH worth around $6.5 million. Over the past six days, venture wallets have acquired a total of 10,013 ETH valued at approximately $30 million. This brings the firm's total holdings to around 80,000 ETH, now valued at roughly $293 million.
Comparison with Previous Actions
These purchases mark a turnaround from earlier this year when WLFI sold ETH worth up to $8 million in April amid losses. At that time, the sale was a significant setback for its portfolio. WLFI had previously spent about $210 million to acquire 67,498 ETH and suffered losses reaching $125 million during the asset's downturn.
Eric Trump's Comment
Donald Trump's son, Eric, commented on the ongoing ETH uplift, reflecting his confidence in the token's potential. He tweeted that 'it's a great time to add ETH.' With the current rally, his earlier bullish call has proven accurate.
The accumulation of Ethereum by World Liberty Financial amid market growth highlights a strategic shift and reinforces the confidence of its representatives in the future of this asset.
