Donald Trump owns $5 million worth of tokens based on Ethereum

Donald Trump, the Republican nominee, possesses up to $5 million in cryptocurrency and has made over $7 million from his venture into non-fungible tokens (NFTs), according to a recent financial disclosure.

In a personal financial disclosure, that Citizens for Ethics obtained, Trump owned between $1 million and $5 million in cryptocurrency assets based on Ethereum. The criminal indictment-focused “Mugshot” project and two distinct series of Donald Trump Trading Card collections are among the three NFT collections, in which he also revealed that he has made more than $7.15 million.

This month, the former president unveiled a collection of “official crypto-sneakers.”. 1. Despite costing $499, a limited edition run of 1,000 orange hi-top sneakers sold out in hours. At the time of publication, Trump’s Ethereum-based cryptocurrency holdings were valued at $3,5 million by blockchain analytics platform Arkham

Intelligence. In August, the TRUMP meme coin was introduced to protect children and give to US veterans. Despite having the former president’s name on it, Donald Trump is not formally associated with or in favor of it.

The disclosure revealed that the former President earned over $300,000 from selling several branded Bibles. in addition to $216 million from the Mara-a-Lago resort and his golf course in Doral, Florida, outside of the cryptocurrency space. It’s a significant departure from August 2023, when Trump declared he owned over $2 million in cryptocurrency assets based on Ethereum, and made over $4 million from NFTs. It is legally required of him to provide thorough financial disclosures to candidates seeking federal office in the United States.

Once a harsh critic of cryptocurrencies like Bitcoin, Trump has recently changed his ways and emerged as a vocal supporter of digital assets, making his stance on cryptocurrencies a focal point of his 2024 campaign. At the Bitcoin 2024 conference in Nashville, Trump pledged to build a national Bitcoin reserve and turn the US into the “crypto capital of the world” by enacting some laws supportive of the cryptocurrency industry if elected president.