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The Trump household’s World Liberty Monetary (WLFI) and Bitmine Immersion Applied sciences, the Ethereum treasury agency led by Fundstrat’s Tom Lee, seized the prospect to purchase the Ethereum dip amid the altcoin’s newest worth plunge.
As of 1:06 a.m. EST, the most important altcoin by market cap trades at $4,449.71, down greater than 3% up to now 24 hours.
Ethereum worth chart (Supply: CoinMarketCap)
Regardless of the latest pullback, ETH remains to be up over 6% up to now week, when it got here to inside 4% of its all-time excessive (ATH) of $4,891.70 that it set on Nov. 16, 2021.
World Liberty Monetary Buys The Ethereum Dip
Based on on-chain knowledge from Arkham Intelligence that was cited by Lookonchain in an X publish earlier in the present day, the Trump household’s WLFI challenge spent 8.6 million USD Coin (USDC) to buy 1,911 ETH tokens.
Trump’s World Liberty(@worldlibertyfi) spent one other 10M $USDC to purchase 84.5 $WBTC at $118,343, and spent 8.6M $USDC to purchase 1,911 $ETH at $4,500 an hour in the past.https://t.co/0qWkRUhTQbhttps://t.co/awJFLTae1N pic.twitter.com/PzucpjMjRD
— Lookonchain (@lookonchain) August 16, 2025
That ETH was bought when the altcoin chief was buying and selling at $4,500, Lookonchain stated. It additionally follows the platform’s a lot smaller June 29 buy. Again then, WLFI purchased 256.75 ETH for 1 million USDC.
Based on Arkham Intelligence knowledge, WLFI at the moment holds 1.914 ETH valued at $8.53 million at present costs. General, the challenge holds $99,256,138.80 in crypto.
WLFI’s greatest holdings are in Aave v3 WETH (AETHWETH) and Aave v3 WBTC (AETHWBTC). It at the moment holds 10.218K AETHWETH valued at $45.57 million, and 230.002 AETHWBTC value round $27.08 million at present costs.
Tom Lee’s Bitmine Bolsters Its Ethereum Treasury
Together with WLFI, Bitmine Immersion Applied sciences has additionally added to its Ethereum holdings in the course of the latest ETH worth dip.
In one other X publish, Lookonchain famous that the corporate bought 28,650 ETH value about $130 million.
Based on the Arkham knowledge, the transaction was executed by way of an over-the-counter (OTC) handle earlier than the ETH was moved to a WalletSimple storage system owned by Bitmine.
With the newest purchase, the corporate’s holdings within the altcoin have been elevated to 1.174 million ETH, Arkham Intelligence knowledge reveals. This has cemented its place as the most important Ethereum treasury firm globally, with Bitmine’s holdings now value $5.23 billion even after ETH’s latest worth drop.
Bitmine’s greatest competitors is SharpLink Gaming, the corporate backed by Ethereum co-founder Joseph Lubin. Its holdings stand at 728,804 ETH, in keeping with the corporate’s second quarter earnings report.
SharpLink yesterday reported a $103 million web loss for the second quarter that ended on June 30. However $87.8 million of this loss was attributed to non-cash impairment on the agency’s liquid staked ETH holdings.
That is because of the Usually Accepted Accounting Precept (GAAP) requirement to acknowledge the bottom worth ETH traded at in the course of the second quarter, which was $2,300.
Following information of the loss, SharpLink shares slumped 15.5%, in keeping with Google Finance.
SharpLink Gaming share worth (Supply: Google Finance)
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