A recent financial report revealed that Republican candidate Donald Trump holds up to $5 million in crypto assets, primarily Ethereum-based. The Citizens for Ethics watchdog revealed that Trump earned over $7 million dollars with NFTs and significant profits from his TRUMP NFT collection. His digital assets include proceeds from his NFT collection, TRUMP, which has netted him $5.1 million.
Arkham Intelligence data showed that celebrities’ digital assets net worth, topped by Trump, have the most. His campaign might be willing to receive crypto donations as the US election approaches. Justin Bieber, a pop star, holds several blockchain assets valued at $451k, primarily in ETH, although there has been no activity involving cryptos for the past two years.
To address public concerns about this matter, Trump has hinted at releasing another set of NFTs. On July 16, he mentioned the possibility that customers would need more digital collectables under his brand name. These were sold out on August 1 within hours after being launched as an “official crypto-sneaker” that included only 1000 pairs priced at $499 each.
Trump’s Ethereum Holdings and NFT Plans
The blockchain analytics platform Arkham Intelligence estimates Trump’s Ethereum-based crypto holdings at $3.5 million. Trump’s on-chain crypto holdings surged to $18 million in June, fueled by a MAGA-themed memecoin rally, though it isn’t officially linked to him.
Beyond the digital realm, Trump’s financial disclosure revealed significant earnings from traditional business ventures. He earned over $300,000 from branded bibles and $216 million from Mar-a-Lago and his self-branded Doral golf course, showcasing diverse income streams.
The disclosure also revisits Trump’s August 2023 financial report, in which he declared over $2.8 million in Ethereum-based crypto assets and earnings exceeding $4.8 million from NFTs. As a federal office candidate, Trump must legally submit extensive financial disclosures, which shed light on his evolving financial landscape.
Trump’s stance on crypto has shifted in recent months. Once a critic of Bitcoin and digital assets, he has become an outspoken advocate. At the Bitcoin 2024 conference in Nashville, Trump pledged to make the U.S. the “crypto capital of the world” and proposed creating a national Bitcoin stockpile, making cryptocurrency a central theme in his 2024 campaign.
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