Trump-Linked World Liberty Financial Possibly Expands Ethereum Holdings Amid Regulatory Concerns
Main Idea
World Liberty Financial (WLFI), a Donald Trump-backed DeFi firm, has increased its Ethereum holdings by purchasing an additional 256 ETH worth $1 million, bringing its total holdings to over 77,000 ETH valued near $300 million amid Ethereum's price surge.
Key Points
1. WLFI acquired 256.75 ETH at $3,895 each, continuing its strategy of accumulating Ethereum.
2. WLFI's total Ethereum holdings now stand at 77,226 ETH, valued at approximately $296 million, with an unrealized profit of ~$41.7M.
3. Ethereum's price has surged over 55% in the past 30 days, supporting WLFI's accumulation strategy.
4. Trump-linked crypto investments, including WLFI and Trump Media, are under scrutiny for potential conflicts of interest, though the White House denies any involvement.
5. WLFI's aggressive Ethereum purchases reflect growing confidence in the crypto market's recovery.
Description
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