Trump's World Liberty Boosts Ethereum Holdings to $50 Million

Dec 11, 2024, 06:59 PM

President-elect Donald Trump's cryptocurrency project, World Liberty, has recently increased its Ethereum (ETH) holdings by purchasing an additional $5 million worth of ETH, bringing its total ETH holdings to $50 million. The transaction was executed by swapping approximately $5 million in USDC for ETH. This move has sparked discussions and speculation about Trump's interest in cryptocurrencies, particularly Ethereum, amidst his son Eric Trump's vocal support for Bitcoin at the Bitcoin MENA 2024 conference in Abu Dhabi. Eric Trump has predicted that his father will be the 'crypto president,' positioning the U.S. as the global 'crypto capital' and forecasting Bitcoin to reach $1 million. However, Trump's own crypto portfolio, separate from World Liberty, has also seen a significant increase, now valued at $8.3 million, up $1.5 million in the past week.