• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: BREAKING: Saylor's Strategy Misses S&P 500 Inclusion, Robinhood Takes Spotlight
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: BREAKING: Saylor's Strategy Misses S&P 500 Inclusion, Robinhood Takes Spotlight
Ethereum

Bitmine And Donald Trump Spent The Weekend Stacking Ethereum, Here’s How Much They Got

Scott Matherson
by Scott Matherson
2 weeks ago
·
Posted in Ethereum
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

On-chain data shows that Tom Lee’s BitMine and Donald Trump’s World Liberty Financial (WLFI) have been buying the dip amid the recent Ethereum price crash. Both companies spent almost $140 million buying ETH as they doubled down on their bet on the largest altcoin by market cap. 

BitMine And Donald Trump’s WLFI Buy The Dip

According to on-chain analytics platform Lookonchain, BitMine bought 106,485 ETH ($470.51 million) on August 15 as the Ethereum price crashed from its 2025 high of $4,500. Meanwhile, Donald Trump’s WLFI bought 1,911 ETH ($8.6 million) during the same period. BitMine now holds 1.3 million ETH ($5.75 billion) for its Ethereum treasury. 

Related Reading: Ethereum Treasury Companies Go Head To Head As Bitmine Dwarfs SharpLink — Details

Notably, BitMine has been on a buying spree. Just before the $470 million purchase, the company had bought 28,649 ETH, worth around $129.88 million. Tom Lee’s firm made these purchases through Galaxy Digital’s OTC. Two days earlier, it had also purchased $158.47 million in ETH, according to Arkham data. 

BitMine is currently the largest Ethereum treasury company, way ahead of the second-placed SharpLink, which holds 728,800 ETH ($3.16 billion). Tom Lee’s company has declared their intention to hold at least 5% of ETH’s total supply and has filed a $20 billion stock offering to advance this strategy. 

Like BitMine, Donald Trump’s WLFI is another whale that is bullish on Ethereum. Following the recent WLFI purchase, Donald Trump’s son Eric Trump again encouraged everyone to buy the dip. In February earlier this year, he opined that it was a great time to buy ETH when it was trading at around $2,800. 

Ethereum then suffered several pullbacks, during which Donald Trump’s son doubled down on urging everyone to buy ETH. The largest altcoin by market cap has since faced a resurgence over the last 90 days, and is up over 66% during this period. The altcoin is up 27% year-to-date (YTD). 

Other Whales Are Buying ETH

Besides Tom Lee’s BitMine and Donald Trump’s WLFI, other whales are accumulating Ethereum during this downtrend. Lookonchain drew attention to a “mysterious institution” that has been buying ETH. Over the past week, this institution created three new wallets and withdrew 92,899 ETH ($412 million) from Kraken. 

Related Reading: 5 Reasons Why Ethereum Price To $15,000 Is ‘Programmed’

Furthermore, two newly created wallets withdrew 25,684 ETH ($114.3 million) from FalconX on August 17. This came just as ETH crashed to new lows amid this downtrend. While investors like BitMine and Donald Trump’s WLFI keep buying, the Ethereum Foundation is selling. The organization just sold 7,294 ETH ($33.25 million).

At the time of writing, the Ethereum price is trading at around $4,340, down over 3% in the last 24 hours, according to data from CoinMarketCap.

Ethereum
ETH trading at $4,255 on the 1D chart | Source: ETHUSDT on Tradingview.com
Featured image from Getty Images, chart from Tradingview.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Scott Matherson

Scott Matherson

Follow

Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts. Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.

Full Profile

Related Posts

Ethereum ETFs

US Ethereum ETFs Surpass Weekly Record With $787M Outflow — Details

11 hours ago
Ethereum

Ethereum Holdings On Centralized Exchanges Plummet —  Supply Shock Imminent?

13 hours ago
Ethereum

Ethereum Staking In Focus: SharpLink Considers Linea For Treasury Yield – Details

1 day ago
3 Fresh Wallets Buy $148.8M Ethereum – Silent Stacking

3 Fresh Wallets Buy $148.8M Ethereum – Signs Of Silent Stacking

2 days ago
Institutional Players Add 218,750 Ethereum ($943M) In 2 Days: Big Money Bets On ETH

Institutional Players Add 218,750 Ethereum ($943M) In 2 Days: Big Money Bets On ETH

2 days ago
Ethereum

Binance Ethereum Reserves Shrinks As Whale Outflows Persist – Here’s What They Are Up To

2 days ago

Premium Sponsors

Press Releases

  • miner

    XRP price battles for key support levels, with holders...

    1 day ago
  • miner

    Global Investors Tap BAY Miner App for BTC and XRP Monthly...

    1 day ago
  • Cloud Mining

    From Holding to Profit: How XRP Earns $27,000 Daily from...

    1 day ago
  • minwer

    XRP Holders Can Earn $10,000 a Day Through COME...

    2 days ago
  • BTC prices hit a two-week high, and holders flocked to GMO...

    2 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.