Recent financial disclosures indicate that Donald Trump, the Republican nominee, holds up to $5 million in cryptocurrency and has earned over $7 million from non-fungible token (NFT) ventures.
Documents obtained by the ethics watchdog group Citizens for Ethics reveal that Trump has between $1 million and $5 million invested in Ethereum-based crypto assets.
The disclosures also show that Trump made more than $7.15 million from his three NFT collections, including the “Mugshot” project, which is themed around his criminal indictment and two other series of Donald Trump Trading Cards.
On July 16, Trump hinted at a fourth NFT series, stating in a Bloomberg interview that “the people want” another release.
On August 1, Trump launched a line of “official crypto-sneakers,” a limited edition of 1,000 orange high-top shoes that sold out in hours despite being priced at $499 each.
Blockchain analytics firm Arkham Intelligence estimates Trump’s Ethereum-based crypto holdings at $3.5 million at present.
In June, the value of Trump’s crypto holdings briefly surged to $18 million due to a significant rally in the price of a MAGA-themed memecoin, known as “TRUMP.”
Although the TRUMP memecoin, which supports US veterans and child protection, is named after him, it is not officially affiliated with Trump.
Beyond his crypto dealings, Trump reportedly earned over $300,000 from branded Bible sales and a total of $216 million from the Mar-a-Lago resort and his golf course in Doral, Florida.
Read more: CoinGlass: Bitcoin May Drop Due to Unusual Open Interest
This marks an increase from August 2023, when Trump disclosed Ethereum-based crypto assets worth over $2.8 million and more than $4.8 million in NFT earnings.
As a federal office candidate, Trump is required to file detailed financial disclosures.
Formerly critical of Bitcoin and cryptocurrency, Trump has recently championed digital assets, making them a central aspect of his 2024 campaign.
At the Bitcoin 2024 conference in Nashville, Trump pledged to build a national Bitcoin reserve and transform the US into the “crypto capital of the world” with supportive policies if elected.
Cre: cointelegraph.
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