Republican presidential candidate Donald Trump has declared holdings of up to $5 million in Ether (ETH), according to a recent financial disclosure. Trump has also made over $7 million from his non-fungible token (NFT) collections.
While running for the U.S. presidency, Trump is legally obligated to provide detailed financial disclosures.
Trump’s Ethereum Holdings
The personal financial disclosure document, obtained by ethics watchdog Citizens for Ethics, reveals that Trump holds between $1 million and $5 million in Ethereum-based crypto assets in a “cryptocurrency wallet, with virtual Ethereum key, held in a cold wallet.”
According to blockchain analytics firm Arkham Intelligence, Trump has $3.5 million worth of crypto in his wallet. This includes $1.29 million worth of Ethereum (ETH), over $980,000 in Wrapped Ethereum (WETH), and $370K worth of meme coin Trog (TROG) which depicts a frog wearing a MAGA hat.
Trump’s net worth currently sits at $7.5 billion, as per Forbes data. This means the $5 million in cryptocurrencies represents just 0.067% of his total fortune.
In addition to the ether-based holdings, the former president also earned roughly $7.15 million from a licensing agreement with a company called NFT INT.
Data shows that Trump’s Digital Trading Cards collections have registered over 15,808 ETH in trading volume since their launch. Last month, Trump hinted at releasing a fourth NFT series, indicating that “the people want” him to release another one.
The First Crypto President
Trump’s view on crypto has evolved significantly since his first term in the Oval Office when he said he was “not a fan” of the asset class.
Aside from launching his own NFT collections and pitching himself as the “crypto president”, he has stated that he wants to create a U.S. monopoly over the Bitcoin mining industry.
Earlier this month, Eric Trump, the son of ex-POTUS Trump and executive vice president of the Trump Organization, announced that he had “truly fallen in love with Crypto/DeFi. Stay tuned for a big announcement.” According to an Aug. 14 report, Eric teased that the project could involve “digital real estate”. While he declined to give any specific details, Eric said the crypto project would be announced to the public only the “moment everything is final and ready to go”.
Despite Trump establishing a pro-crypto position as a key part of his 2024 election campaign, he did not mention Bitcoin or other cryptocurrencies during an X spaces interview with Tesla/SpaceX owner Elon Musk on Monday evening.
