Trump-backed Crypto Project Buys $10 Million Worth of ETH
- Donald Trump-backed crypto project uses dip to buy ETH.
- Arkham data shows World Liberty Financial bought $10 million of Ethereum’s ETH as prices plummeted.
World Liberty Financial, the crypto project backed by U.S President Donald Trump, has recently acquired an additional $10 million worth of Ethereum (ETH).
Aggressive Token Purchases
The World Liberty wallet has been actively purchasing various tokens in recent weeks, and on Jan. 27, they added ETH worth $10 million to their portfolio.
Details of the Purchase
According to market intelligence and security platform Arkham, the Trump family-backed crypto project bought 3,247 ETH through the crypto platform Cow Protocol. This recent purchase, along with the $47 million in ETH acquired on Trump’s inauguration day, brings World Liberty Financial’s total Ethereum holdings to 59,265 ETH.
Arkham data indicates that the value of these tokens currently stands at around $185 million.
DONALD TRUMP’S PROJECT WORLD LIBERTY FI JUST BOUGHT ETH pic.twitter.com/uggBxVJL3H
— Arkham (@arkham) January 27, 2025
Exploiting the Dip
The purchase took place as Ethereum and other cryptocurrencies experienced a sell-off similar to Bitcoin’s drop on Monday. Ethereum’s price plummeted to near $3,000 amidst a market reaction to China’s AI app DeepSeek. World Liberty Financial seized the opportunity presented by the dip in prices to increase their holdings.
In a similar move, MicroStrategy also added more BTC to its portfolio, acquiring over $1 billion worth of Bitcoin.
Overall Holdings
World Liberty Financial now holds cryptocurrencies valued at over $381 million. In addition to ETH, they have investments in Wrapped Bitcoin (WBTC), Lido Staked ETH (STETH), USDC stablecoin, USDT, LINK, AAVE, ENA, and other tokens.
