SNEAK PEEK
- Trump’s crypto holdings soar 900% amid NFT success and evolving stance on digital assets.
- Trump’s portfolio includes Ether and themed tokens, reflecting deeper crypto engagement.
- Trump integrates crypto into his 2024 campaign, accepting donations and advocating for Bitcoin.
Former President Donald Trump, who is currently pursuing a second term in the White House, has increased his cryptocurrency holdings, according to his latest financial disclosure. The disclosure reveals that Trump now holds between $1 million and $5 million in cryptocurrencies, a substantial increase from previous reports.
The latest filing describes Trump’s cryptocurrency as being held in a “cryptocurrency wallet virtual Ethereum” stored in a cold wallet. This wallet appears to be linked to Trump’s non-fungible token (NFT) collections, which have generated substantial royalties for the former president. Trump reportedly earned $7.15 million in licensing fees from his NFT ventures.
The most recent filing highlights a dramatic 900% increase in Trump’s cryptocurrency holdings compared to previous disclosures.
Arkham Intelligence data shows that Trump’s cryptocurrency portfolio primarily consists of Ether and tokens themed after him, such as the Maga (TRUMP/USD) tokens donated to him as part of a marketing initiative. This information underscores the growing value and diversification of Trump’s digital assets as he continues to engage with the cryptocurrency market.
Trump launched his first NFT collection, Trump Digital Trading Cards, in late 2022. This project utilized Trump’s name, image, and likeness to release 45,000 NFTs, each priced at $99. Trump benefited from royalties on the initial sales and trading volumes in the secondary market. The success of this venture has contributed significantly to the expansion of his cryptocurrency portfolio.
Notably, Trump’s approach to cryptocurrencies has evolved dramatically. Once a sceptic who labelled Bitcoin a scam, Trump has now embraced the asset class as part of his political platform.
Earlier this year at the Bitcoin conference, he floated the idea of establishing a Bitcoin reserve and vowed to make the US the crypto capital of the world. Furthermore, in the first half of this year, he started to accept cryptocurrency donations for the presidential campaign, showing the expansion of accepting and using digital money as strategic moves.
