Institutional investment firm World Liberty Financial has acquired an additional 3,473 Ethereum (ETH) tokens at $3,743 per token, significantly expanding its position in the cryptocurrency. This latest purchase brings the firm’s total holdings to 73,616 ETH, currently valued at approximately $275 million.
Notably, the firm maintains an average acquisition cost of $3,272 per ETH, positioning it advantageously amid Ethereum’s price appreciation. The cryptocurrency has demonstrated robust growth, surging 20% over the past week and 67% in the last month, partly fueled by growing institutional adoption.
This accumulation aligns with heightened institutional interest in Ethereum, including activity from financial heavyweight BlackRock, alongside rising whale transactions. Projects such as Pantera Capital and Kraken-backed Ether Machine further amplify demand and liquidity for ETH, bolstering market stability.
Ethereum’s price responded positively to World Liberty Financial’s purchase, climbing 2% within 24 hours to reach a daily peak of $3,763. This movement underscores how institutional accumulation and whale activity continue to reinforce Ethereum’s market strength and momentum.