Trump Discloses $1M+ in Crypto Holdings, Made $7M From NFTs

Former President Donald Trump has recently been aligning himself with the cryptocurrency industry, and on Thursday, news emerged that he disclosed personal holdings of over $1 million in cryptocurrencies held in an Ethereum wallet.

Former President Donald Trump has disclosed personal holdings of over $1 million in cryptocurrencies, according to a personal financial disclosure obtained by ethics watchdog Citizens for Ethics on Thursday.

The Republican presidential candidate's disclosed digital holdings are valued at approximately $1 million to $5 million, as per the document. While the specific cryptocurrencies he holds are not detailed in the disclosure, it is possible to infer that he holds Bitcoin, given his previous statements indicating ownership of the world's top digital asset by market capitalization.

Earlier this year, Trump mentioned having "some fun" with Bitcoin.

Data from leading blockchain analytics firm Arkham Intelligence shows that the business mogul's Ethereum wallet, as of early Friday, contains nearly 500 $ETH, currently valued at around $1.29 million. His digital wallet also holds various memecoins, including 10 million $MAGAA tokens and some 10 million $FIGHT tokens. As of Friday, his wallet's total value is at $3.6 million.

Trump's ventures into the nonfungible token (NFT) space also netted him a disclosed income of $7,156,385, according to the disclosure. He launched a total of three NFT collections, including his trading cards NFT series.

Last year, a filing with the Office of Government Ethics (OGE) revealed that Trump's crypto holdings within an Ethereum wallet were valued between $250,000 and $500,000.

If the said wallet is the same as the one declared in his latest disclosure, it would indicate that the value of Trump's crypto holdings increased significantly over the past year, more than doubling in value.

The news of the GOP presidential candidate's crypto holdings comes as he continues to venture into the digital assets space. This month, he launched a new crypto-themed sneaker line, and the High Tops "super limited" Bitcoin edition sold out within hours.

As of the time of this report, the Low Tops $BTC version of the "Trump Crypto President" sneaker line is tagged on the website as now having "low stock." The High Tops black edition is still available for purchase.

Trump's sons, Donald Trump Jr. and Eric, have teased an upcoming "huge" project in decentralized finance, which they have since clarified is not a new memecoin.

Trump has positioned himself as the crypto president in recent months, despite past comments that could be interpreted as negative toward the industry, such as his statement that Bitcoin is a "scam."

Nevertheless, many crypto users seem to be embracing the former president, especially after his appearance at the Bitcoin 2024 conference in Nashville last month, where he pledged to support self-custody of digital assets and lead the country to become the world's center for crypto innovation.

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