Trump’s Crypto Venture now has $251 million in ETH: $26 million in profits and counts

World Free Finance (WLF), the flagship Trump family’s flagship crypto business, has added to Ethereum (ETH) accumulation, spending $3 million in USDC on July 18 to earn an additional 861 ETH.

According to Lookonchain, the latest buy raises WLF’s total ETH shares to $70,143, worth $251 million, with unrealized profits exceeding $23 million.

WLF’s strategic accumulation

The Chain Tracker revealed that between November 29, 2024 and March 5, 2024, World Freedom spent about $214.9 million to buy 66,275 ETH, with an average price of $3,243.

The Decentralized Finance (DEFI) project acquired 1,531 ETH on July 16, with spending about $3,266 per coin. Soon after, the company returned to the market and purchased 1,531 ETH in the same amount, bringing its holdings to over 69,000 ETH.

Less than 24 hours later, WLF expanded its shopping spree, spending $3 million on another 861 ETH and increasing its Treasury to 70,143 ETH, worth $251 million.

Ethereum has grown 8.5% in the past 24 hours, trading around $3,629, and the world’s free investment currently shows about $26 million in paper profits and has acquired the entire storage at $3,249 per coin.

Over the past seven days, the world’s second-largest crypto asset has grown 22.2% in market cap, while the monthly gathering rate is 43%. It has also increased by 126.2% over the past three months, although it has dropped by about 26% from its all-time high in November 2021. This green revival finally raised ETH to the average cost basis of WLF, triggering their latest purchases.

Institutional demand continues to grow

World freedom is not the only one who shows interest in ETH. Nasdaq-listed Sharplink Games has recently become the largest company holder of tokens, surpassing the Ethereum Foundation itself with an ETH of more than 280,000. According to Lookonchain, the company has added another 32,892 ETH in the past 24 hours, bringing it to a total of more than 313,000 ETH at its current price of $1.1 billion.

Additionally, the analytical platform identified two newly created wallets that accumulated 206,415 ETH and had a market value of $745 million from Kraken and Falconx exchanges over the past 10 days, indicating a long-term holding strategy.

Live Ethereum ETFs have also grown significantly over the past few weeks, with Blackrock breaking the record twice in two days, earning over $546 million a day after earning $489 million inflows per day.