By Nermeen Nabil TLDR
Former U.S. President Donald Trump disclosed owning between $1 million and $5 million in Ethereum-based crypto assets.
Trump has earned over $7.15 million from his three NFT collections.
Blockchain analytics platform Arkham Intelligence estimates Trump’s Ethereum-based crypto holdings at $3.5 million.
Trump’s crypto holdings briefly reached $18 million in June due to a rally in a MAGA memecoin.
Trump sold out a limited edition run of 1,000 “official crypto-sneakers” at $499 each.
Melania Trump had $330,609 in income from NFT sales.
The Trump Digital Trading Cards have had over 15,808 ETH in trading volume since their debut.
Former U.S. President and current presidential candidate Donald Trump has disclosed significant holdings and earnings in cryptocurrency and non-fungible tokens (NFTs), according to recent financial disclosures.
This revelation marks a notable shift in Trump’s stance on digital assets and highlights the growing intersection of politics and cryptocurrency.
According to a personal financial disclosure obtained by ethics watchdog Citizens for Ethics, Trump declared ownership of between $1 million and $5 million in Ethereum-based crypto assets
. Blockchain analytics platform Arkham Intelligence provides a more precise estimate, pinning Trump’s Ethereum-based holdings at approximately $3.5 million at the time of publication.
Perhaps more striking is the income Trump has generated from his foray into NFTs. The disclosure reveals that Trump has earned over $7.15 million from his three NFT collections.
These include the “Mugshot” project, which was themed around his criminal indictment, and two separate series of Donald Trump Trading Cards collections.
The success of these NFT ventures appears to have encouraged further exploration of the space, with Trump hinting at the release of a fourth NFT series in a July interview with Bloomberg.
Trump’s engagement with cryptocurrency extends beyond holding and creating NFTs. On August 1, he released a line of “official crypto-sneakers,” with a limited edition run of 1,000 orange hi-top shoes priced at $499 each. Despite the hefty price tag, the collection sold out within hours, demonstrating the strong demand for Trump-branded crypto-related products.
Trump’s crypto holdings experienced a significant, albeit brief, surge in June. During this period, his onchain crypto holdings soared to as high as $18 million, primarily due to an outsized rally in the price of a MAGA memecoin bearing the ticker “TRUMP.” It’s worth noting that while this memecoin bears Trump’s name, it is not officially affiliated with or endorsed by the former president.
The disclosure also sheds light on the crypto activities of Trump’s family members. Former First Lady Melania Trump reported $330,609 in income from NFT sales, further underlining the Trump family’s involvement in the digital asset space.
These financial disclosures represent a marked shift in Trump’s public stance on cryptocurrency. Once a critic of Bitcoin and crypto, Trump has become an outspoken advocate for digital assets in recent months.
He has established a pro-crypto position as a key part of his 2024 election campaign, promising to create a national Bitcoin stockpile and establish the U.S. as the “crypto capital of the world” if elected president.
Trump’s embrace of cryptocurrency appears to be resonating with some segments of the crypto community. The Trump Digital Trading Cards have seen significant trading activity, with over 15,808 ETH in trading volume since their debut, according to OpenSea data.
The former president’s involvement in cryptocurrency extends beyond personal holdings and NFT sales. Recently, the Trump Organization announced plans to unveil a cryptocurrency initiative, though details remain scarce at this time.
While Trump’s crypto holdings and NFT earnings have garnered attention, it’s worth noting that they represent only a portion of his overall financial picture.
The disclosure also revealed significant income from other sources, including over $300,000 from selling branded bibles and a combined $216 million from the Mar-a-Lago resort and his golf course in Doral, Florida.
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Nermeen Nabil Khear