TLDR
- Ex-president Donald Trump announced holdings of Ethereum cryptocurrencies valued between $1 million and $5 million.
- Trump has generated upwards of $7.15 million from his trio of NFT projects.
- Arkham Intelligence's blockchain analysis gauges Trump's Ethereum-based assets to be around $3.5 million.
- In June, Trump's cryptocurrency portfolio momentarily soared to a whopping $18 million following an unexpected spike in a MAGA-themed memecoin.
- Trump promptly sold out a special edition of 1,000 'official crypto-sneakers' at a price of $499 each.
- Melania Trump recorded $330,609 in revenue from her NFT dealings.
- Since debuting, the Trump Digital Trading Cards have accumulated over 15,808 ETH in trade volume.
Donald Trump, the former president and 2024 candidate, has made public his large-scale investments and revenue from the world of crypto and NFTs. This disclosure points to Trump's evolving perspective on digital currencies and underlines the maturing link between politics and digital finance.
Ethics watchdog Citizens for Ethics' documentation of Trump's personal finances lists his crypto holdings as spanning $1 million to $5 million.
Arkham Intelligence refines this estimate, pinpointing Trump's Ethereum stock to an approximate $3.5 million at the release time. Ethereum-based crypto assets
Even more revealing is Trump's substantial profit from the NFT scene, having earned more than $7.15 million across three NFT series.
These include a series themed around his legal challenges and two separate collections of the Donald Trump Trading Cards.
These include the “Mugshot” project The success of Trump's NFT ventures seems to have spurred new opportunities, as he hinted at a fourth NFT series drop in a July talk with Bloomberg.
Trump's crypto participation isn't limited to holding and launching NFTs. On August 1, he launched an exclusive 1,000-pair line of 'official crypto-sneakers' at $499 a pair. Despite the steep cost, the collection was quickly snapped up, illustrating the market demand for Trump-themed crypto items.
Trump's cryptocurrency holdings experienced a noteworthy, though fleeting, boost in June. During this phase, his crypto assets on the blockchain escalated to as much as $18 million, driven by a surge in a MAGA memecoin tagged 'TRUMP.' Interestingly, despite bearing his name, the memecoin isn't officially connected to him.
The financial documents also illuminate the crypto engagements of Trump's relatives.
Former First Lady Melania Trump conveyed $330,609 in proceeds from NFТ transactions. These revelations highlight the Trump family's sizable engagement in the cryptocurrency world. Such disclosures reflect a pronounced transformation in Trump's public opinion on digital currencies; once skeptical of Bitcoin and the like, Trump is now a fervent supporter.
Trump has positioned pro-crypto policies as a cornerstone of his 2024 campaign, vowing to amass a national Bitcoin reserve and make the U.S. the 'global crypto hub' upon election.
Trump's newfound appreciation of cryptocurrency seems to be striking a chord with certain factions of the crypto sector. Since launching, Trump Digital Trading Cards have witnessed notable trading activity, racking up over 15,808 ETH in volume as observed on OpenSea.
Trump's involvement in cryptocurrency stretches beyond his personal assets and NFT sales. Recently, the Trump Organization
introduced plans for a forthcoming cryptocurrency initiative. While exact details are sparse at present. Even as Trump's crypto holdings and NFT profits capture attention, it's important to recognize they're just a segment of his overall financial estate.
Other revelations include significant earnings from diverse avenues such as over $300,000 from the sale of branded bibles and a collective $216 million from his Mar-a-Lago property and golf venue in Doral, Florida.
Blockonomi's founder and Editor-in-Chief is the visionary behind Kooc Media, a UK-Based media company. An advocate for Open-Source Software, Blockchain, and unfettered Internet access.
