YEREVAN (CoinChapter.com) — A recent financial disclosure reveals that former President Donald Trump holds up to $5 million in cryptocurrency. The disclosure, obtained by Citizens for Ethics, shows Trump’s Ethereum-based assets are valued between $1 million and $5 million.
Trump’s Crypto Portfolio: $3.5M in Ethereum and a Spike to $18M Amid Memecoin Rally
Blockchain analytics platform Arkham Intelligence estimates Trump’s Ethereum holdings at $3.5 million.
Trump’s on-chain crypto holdings spiked to $18 million in June, thanks to a sharp rally in the MAGA-themed memecoin known as “TRUMP.” This surge occurred before the TRUMP memecoin was officially launched in August, with the goal of supporting U.S. veterans and protecting children. However, despite carrying the former president’s name, the coin is neither officially linked to nor endorsed by Donald Trump.
Donald Trump Nets $7M from NFTs, Sells Out $499 Crypto Sneakers Now Listed for $2,500
Donald Trump has earned more than $7.15 million from his three NFT collections, according to the latest financial disclosure. These collections include the “Mugshot” project, along with two series of Donald Trump Trading Cards.
Additionally, on July 16, Trump hinted at the possibility of releasing a fourth NFT series, telling Bloomberg that “the people want” him to release another one.
On August 1, Trump launched a line of “official crypto-sneakers,” priced at $499. The limited edition of 1,000 orange high-tops sold out within hours.
Donald Trump’s Financials: $300K from Bibles, $216M from Properties, Crypto and NFT Earnings Rise
The disclosure also reveals that Trump earned over $300,000 from selling branded bibles. Furthermore, he reported a combined $216 million in revenue from the Mar-a-Lago resort and his golf course in Doral, Florida.
In addition, back in August 2023, Trump disclosed holding $2.8 million in Ethereum-based assets and $4.8 million from NFTs. Now, the latest disclosure indicates an increase in both his crypto holdings and NFT earnings.
Trump Embraces Crypto, Proposes U.S. Bitcoin Stockpile in 2024 Campaign
Donald Trump has shifted from a critic to a supporter of digital assets. At the Bitcoin 2024 conference in Nashville, he outlined plans to make the U.S. the “crypto capital of the world.” He proposed creating a national Bitcoin stockpile and promised to implement crypto-friendly policies if elected president.
As a candidate for federal office, Trump is required to submit detailed financial disclosures. These documents reveal his income, assets, and business interests. The latest disclosure provides insights into Trump’s crypto holdings, NFT earnings, and traditional business revenues.
Cryptocurrency scams and hacks
News on crypto regulations