Ex-President Donald Trump has disclosed up to $5 million in cryptocurrency investments and has earned over $7 million from his foray into non-fungible tokens (NFTs), according to financial disclosures for the 2024 election.
The disclosures, obtained by the Citizens for Ethics group, show that Trump reported holding Ether valued between $1 million and $5 million. However, Arkham Intelligence has provided a more precise estimate, revealing that Trump’s crypto wallet contains approximately $3.6 million in digital assets, including $1.29 million in Ether and $989,000 in wrapped Ether. It remains unclear whether this growth is due to increased investment or a rise in Ethereum’s value.
Trump’s continued engagement with digital assets aligns with his pro-crypto stance for the election, and his family is also preparing to enter the cryptocurrency market. Donald Trump Jr. has launched a Telegram channel called “The DeFiant Ones,” suggesting an imminent reveal of the Trump family’s new venture into the crypto space.
Trump’s NFT Earnings Reach $7.2 Million
According to the disclosure, Trump has earned around $7.2 million from a licensing deal with NFT INT, LLC, which markets digital NFT “trading cards” featuring the former president. This marks a significant increase from his earnings of about $300,000 a year ago.
BREAKING: CREW has obtained Donald Trump's new financial disclosures.
— Citizens for Ethics (@CREWcrew) August 15, 2024
Read them here: https://t.co/MZdmQiliPC
US presidential candidates are required to file personal financial disclosures to ensure transparency and accountability, revealing any potential conflicts of interest that could affect their policy decisions if elected.
Donald Trump’s Mar-a-Lago club in Palm Beach, Florida, remains a significant source of income, though it generated approximately $57 million, down from the $65 million reported previously.
Trump Courts Crypto Voters
Trump, who once dismissed cryptocurrencies as a “scam,” is now actively engaging with the crypto community. He has garnered substantial donations from supporters seeking to counteract the regulatory actions of SEC Chair Gary Gensler.
In a bid to attract cryptocurrency voters, the Republican presidential candidate recently spoke at the Bitcoin 2024 conference. During his address, Trump made several campaign promises, including the establishment of a state Bitcoin reserve. Addressing a cheering crowd in Nashville, he urged, “Never sell your Bitcoin,” underscoring his newfound alignment with the crypto community.