Trump-Backed WLF Buys $1M More in Ethereum: Reports

Ethereum is catching up fast due to rising interest from institutions building up ETH treasuries. Over the past three months, the world’s second-largest cryptocurrency has surged over 105% to around $3,800, far outpacing the modest gains of its rivals.

“We’re witnessing institutional FOMO – big players rushing in ahead of potential ETF approvals,” wrote crypto cybersecurity analyst Wilson Ye on X. He added, “This kind of competition shows that ETH is evolving into core infrastructure for institutions.”

So, what’s driving the rush?

World Liberty Financial Buys More Ether

World Liberty Financial, a crypto firm associated with the Trump family, is making aggressive moves on Ethereum. The firm recently bought 256.75 ETH for $1 million, paying around $3,895 per coin.

This latest purchase brings its total Ethereum holdings to 77,226 ETH, now worth about $296 million. That includes an unrealized profit of roughly $41.7 million. 

World Liberty Financial has been steadily building its Ethereum treasury throughout 2025, signaling a strong conviction in ETH’s long-term value. In recent activity, the firm acquired 561 ETH for $2 million in USDC, alongside a larger purchase of 3,473 ETH valued at $13 million.

The steady pace and size of these buys suggest the firm is taking a long-term bet on Ethereum, not just chasing short-term gains.

SharpLink Pushes ETH Strategy with $295M Buy

SharpLink Gaming is also doubling down on Ethereum. The company recently bought 77,210 ETH for $295 million, bringing its total holdings to over 438,000 ETH.

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This single transaction exceeded Ethereum’s net issuance over the past month, highlighting just how aggressive the buying has become.

Led by Joe Lubin, Sharplink’s goal is to become the largest ETH holder per share among public companies. It now ranks as the second-largest corporate holder of Ethereum, just behind BitMine Immersion Technologies, which holds 566,800 ETH valued at $2.13 billion.

Whale Activity Picks Up

It’s not just companies loading up! Ethereum whales are back in action. 

Arkham reports that a new wallet just pulled 11,370 ETH worth $40 million from Coinbase at $3,811 each. The buyer is already up $400,000 in just one hour. Another fresh wallet, just six hours ago, bought 12,749 ETH worth around $48 million. In fact, since July 9, nine new wallets have collectively purchased 628,646 ETH, totaling $2.38 billion, according to Lookonchain.

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