World Liberty Financial (WLFI), the decentralized finance firm backed by former President Donald Trump, just added more Ethereum to its growing crypto stash fueling both market interest and fresh controversy.
Another Million-Dollar ETH Buy
On July 29, blockchain tracker Lookonchain revealed that WLFI picked up another 256.75 ETH, spending approximately $1 million in USDC at a price of around $3,895 per ETH. This latest move adds to the firm’s month-long buying spree, which included a massive $30 million ETH purchase just days ago.
With this latest acquisition, WLFI’s total Ethereum holdings now stand at 77,226 ETH, valued at nearly $296 million based on current prices. The firm’s average purchase price sits around $3,294, putting it roughly $42 million in profit on paper.
ETH Rallies, WLFI Rides the Wave
Ethereum itself has been climbing steadily. While it’s seen a slight dip of 0.26% in the past 24 hours, ETH has gained more than 55% in the last 30 days, rebounding sharply from months of downward pressure. At the time of writing, the asset is trading above $3,824, keeping bullish momentum alive across crypto markets.
Crypto Politics? Concerns Are Growing
WLFI’s aggressive crypto accumulation mirrors a broader pattern: Trump-aligned entities are doubling down on digital assets. Earlier this month, Trump Media and Technology Group reportedly invested around $300 million in Bitcoin options. These moves come just as the White House steps up efforts to push pro-crypto legislation legislation many believe could benefit the former president’s business interests.
That timing has caught the attention of analysts and critics.
According to a Bloomberg report, policy experts are beginning to raise concerns over potential conflicts of interest, questioning whether Trump’s growing influence in the crypto world might sway regulatory decisions.
“The deeper the exposure, the blurrier the line becomes between political power and personal gain,” one analyst warned.
White House Responds
In response to the growing criticism, the White House issued a statement defending the President’s involvement. Spokesperson Seth Fields told Bloomberg, “The president has never been involved in conflicts of interest and will never be involved.”
Still, scrutiny continues to build. Forbes estimates Trump and his companies now hold roughly $900 million in liquid assets, with nearly half tied to crypto ventures like WLFI and Trump Media.
Bottom Line
WLFI’s continued Ethereum accumulation is more than a bet on the future of DeFi it’s becoming a lightning rod for political and financial controversy. As the firm edges toward $300 million in ETH, it’s clear that crypto isn’t just a tech play for Trump-linked businesses—it’s a high-stakes power move.
