President Trump Is Holding Crypto, Here’s How Much

August 13, 2023 3:42 am Comments

President Donald Trump recently disclosed he holds $250,000 to $500,000 assets in cryptocurrency and NFTS.

On Trump’s most recent financial disclosure, the 45th president wrote that he holds $250,000 to $500,000 in his “cryptocurrency wallet (Ethereum).”

The new disclosure doesn’t come as a surprise to many considering in December of 2022 he launched an NFT collection that sold out in less than 24 hours.

In April of this year, he launched a second batch of NFTs and they also sold out.

Per Forbes:

Donald Trump holds $250,000 to $500,000 of assets in a cryptocurrency wallet, according to a financial disclosure released last month.

The asset, listed on Trump’s disclosure as “cryptocurrency wallet (Ethereum),” appears to be connected to a collection of non-fungible tokens, or NFTs, that he marketed after leaving the White House.

In December 2022, Trump announced that he was releasing a “limited edition collection” of 44,000 NFTs representing cartoon-like trading cards that featured Trump in various getups, such as hunters’ camouflage, a welders’ suit and a superhero costume. The $99 cards sold out in a day. Trump and his partner, a company named NFT INC LLC, then released a second batch in April. It also sold out.

The sales appear to have raised more than $8.9 million. The former president earned $298,000 in licensing fees from the venture, according to the disclosure. His wallet is held under the same Trump entity through which he collected his licensing fees, CIC Digital.

A few hundred thousand dollars is pocket change for Trump, who is worth an estimated $2.5 billion. But the real estate tycoon is not above making an easy buck, even if it requires hawking a product he doesn’t particularly admire. “I am not a fan of Bitcoin and other cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air,” he tweeted in April 2019. “Unregulated crypto assets can facilitate unlawful behavior, including drug trade and other illegal activity.”

Per The WLT Report:

Once openly hostile to Bitcoin and other forms of cryptocurrency, President Trump seems to have embraced Web 3.0 and blockchain technology!

The former President and his wife Melania have minted several NFT collections at the time of this writing and have no doubt realized the benefits digital assets bring to fundraising.

According to multiple sources, President Trump holds $250,000 worth of Ethereum as part of his portfolio; a quick reminder, this is not investment advice.

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