Author: Tom Mitchelhill, CoinTelegraph; Translated by: Tao Zhu, Golden Finance
Republican candidate Donald Trump owns up to $5 million worth of cryptocurrency and has made more than $7 million from his foray into non-fungible tokens (NFTs), a new financial disclosure document shows.
According to personal financial disclosure documents obtained by ethics watchdog Citizens for Morality, Trump reported holding between $1 million and $5 million worth of Ethereum crypto assets.
Additionally, Trump revealed that he earned more than $7.15 million from three NFT collections, including the "Mugshot" project for criminal prosecution and two separate collections of Donald Trump trading card series.
Trump disclosed owning up to $5 million worth of cryptocurrency. Source: Citizensforethics
Previously, Trump hinted at releasing a fourth NFT series on July 16, telling Bloomberg that “people are hoping” he’ll release another.
The former president recently released a line of “official crypto sneakers” on August 1, with a limited edition of 1,000 pairs of orange high-tops that sold out in a matter of hours despite a $499 price tag.
Blockchain analytics platform Arkham Intelligence estimated Trump’s Ethereum cryptocurrency holdings to be worth $3.5 million at the time of publication.
Donald Trump holds $3.5 million worth of ETH. Source: Arkham Intelligence
In June, as the price of the MAGA memecoin with the word "Trump" printed on it rose sharply, Trump's on-chain cryptocurrency holdings soared to $18 million.
The TRUMP memecoin was launched in August to donate to US veterans and protect children. Although it is named after the former president, it is not officially associated with or endorsed by Donald Trump.
Trump’s cryptocurrency holdings surged to $18 million in July during his rallies. Source: Arkham Intelligence.
In addition to cryptocurrencies, the disclosures show that the former president earned more than $300,000 from the sale of a range of branded products and a combined $216 million from his Lake Mara resort and his own-brand golf course in Doral, Florida.
This is a slight change from August 2023, when Trump disclosed owning more than $2.8 million in Ethereum-based crypto assets and reported more than $4.8 million in NFT gains.
Trump is legally obligated to file full financial disclosures during his campaign for U.S. federal office.
Trump, once a critic of Bitcoin and cryptocurrencies, has become an outspoken advocate for digital assets in recent months, establishing a pro-crypto stance as a key part of his 2024 campaign.
Speaking at the Bitcoin 2024 conference in Nashville, Trump pledged that if elected president, he would build a national Bitcoin reserve and establish the United States as the “crypto capital of the world” by implementing a series of crypto-friendly policies.
