TLDR
- Donald Trump holds between $1-5 million in Ether cryptocurrency
- Trump earned over $7 million from NFT licensing fees
- Trump’s wallet contains $3.6 million in crypto according to Arkham Intelligence
- Trump’s son hints at a family crypto venture
- Trump made pro-crypto promises at the Bitcoin 2024 conference
Former U.S. President Donald Trump has revealed significant holdings in cryptocurrency and substantial earnings from non-fungible tokens (NFTs), according to recent financial disclosures for the 2024 election.
The disclosures, obtained by the Citizens for Ethics group, show that Trump owns Ether (ETH) valued between $1 million and $5 million.
Arkham Intelligence, a blockchain analysis firm, provides a more precise figure, stating that Trump’s wallet contains $3.6 million in crypto assets. This includes $1.29 million in Ether and $989,000 in wrapped Ether.
Trump’s involvement in the crypto space extends beyond holding digital assets. The former president reported earning approximately $7.2 million from a licensing deal with NFT INT, LLC.
This company markets digital NFT “trading cards” featuring Trump. His earnings from this agreement have increased significantly from about $300,000 reported a year ago.
The Trump family appears to be expanding their presence in the cryptocurrency market. Donald Trump Jr., the former president’s son, has launched a Telegram channel named “The DeFiant Ones,” hinting at an upcoming Trump family venture in the crypto space.
BREAKING: CREW has obtained Donald Trump's new financial disclosures.
Read them here: https://t.co/MZdmQiliPC
— Citizens for Ethics (@CREWcrew) August 15, 2024
Trump’s stance on cryptocurrencies has evolved over time. Previously calling cryptocurrencies a “scam,” he is now actively engaging with the crypto community. At the Bitcoin 2024 conference in Nashville, Trump made several campaign pledges related to cryptocurrency. He promised to establish a state Bitcoin reserve if elected and advised the audience, “Never sell your Bitcoin.”
The former president’s Mar-a-Lago club in Palm Beach, Florida, remains a significant income source, although it generated around $57 million, down from the $65 million reported previously.
Melania Trump, the former first lady, also reported income from NFT sales, earning $330,609 according to the filings.
The Trump Digital Trading Cards have seen substantial trading activity on OpenSea, with over 15,808 ETH in trading volume since their launch. In July, Trump announced plans to release another NFT collection.
These financial disclosures are required for U.S. presidential candidates to ensure transparency and accountability. They help demonstrate that candidates do not have conflicting interests that could influence their policy decisions if elected.
Despite Trump’s recent endorsements of crypto, he did not mention it during an X space interview with Elon Musk or during a recent press conference where he addressed various campaign-related topics.
In a separate development, the Trump Organization, the holding company for Donald Trump’s business ventures, has announced plans to unveil a cryptocurrency initiative. However, details about this project have not yet been released.