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World Liberty’s 3,473 Ethereum Purchase Sets Tone as Firms Pile into Altcoin
In a move that signals the escalating interest in alternative cryptocurrencies, World Liberty Financial has made another significant acquisition of Ethereum. The company converted $13 million worth of USDC into 3,473 ETH, further cementing its position as a prominent player in the crypto market.
The latest transaction brings World Liberty’s total Ethereum holdings to an impressive 73,616 ETH, valued at approximately $275 million based on current prices. This substantial investment serves as a benchmark for other firms and investors who are increasingly piling into altcoins.
The recent surge in activity has been marked by several significant transactions, with SharpLink and Bitmine among the prominent entities bolstering their Ethereum positions. Meanwhile, notable players like BlackRock are rumored to be developing interest in the cryptocurrency.
As Ethereum’s price continues to rise, institutional investors, funds, and political parties are quietly amassing substantial stakes in the altcoin. This mass adoption could have profound implications for the crypto landscape, as it solidifies Ethereum’s position as a mainstream asset.
In an unprecedented move, the US President Donald Trump has signed the ‘GENIUS Act’, making a significant impact on the crypto market.
Source: bitcoinist.com
