Donald Trump Announces His Crypto Holdings

According to a personal financial disclosure obtained by the Ethics Watchdog Citizens for Ethics, Trump has between $1 million and $5 million in Ethereum-based crypto assets.

Trump also revealed that he has earned more than $7.15 million from three NFT collections. These collections include the “Mugshot” project, which addresses criminal allegations, and two separate Donald Trump Trading Card series.

Former president and presidential candidate Donald Trump hinted that he could release a new series, stating that the community wants a fourth NFT series, in a statement to Bloomberg on July 16. The former President launched a limited-edition “official crypto-sneaker” series on August 1. The 1,000 orange sneakers sold out in a matter of hours, despite their $499 price tag.

Blockchain analytics platform Arkham Intelligence estimated that Trump’s Ethereum-based crypto assets were worth $3.5 million at the time of publication. Trump’s on-chain crypto assets briefly rose to $18 million in June when a memecoin called “TRUMP” surged in price.

The TRUMP memecoin was launched in August to raise funds for US veterans and child protection. Despite being named after Trump, it has no official ties or endorsements to the former president.

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Aside from crypto, the statement also revealed that the former president earned more than $300,000 from branded Bibles and $216 million from his Mar-a-Lago resort and his own branded golf course in Doral, Florida.

This is a significant increase from when Trump reported owning more than $2.8 million in Ethereum-based crypto assets and more than $4.8 million in NFTs in August 2023.

Trump, once critical of Bitcoin and crypto, has become a strong advocate of digital assets in recent months. He took a pro-crypto stance during his 2024 campaign, promising to make the US the “crypto capital of the world” if elected. Speaking at the Bitcoin 2024 conference in Nashville, Trump pledged to create a national Bitcoin stockpile and make the US a leader in the space by implementing a series of crypto-friendly policies.

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The wallet holds $7.12 million worth of MAGA tokens, known by its ticker according to blockchain data tracker Arkham Intelligence. The MAGA tokens were originally puchased with wrapped ether on Uniswap, Arkham noted.

The wallet also holds 463.441 ETH ($1.84 million) and 1 million tokens of MAGA VP (MVP) valued at around $509,000.

Earlier today, the wallet’s holdings surpassed $10 million and are currently valued at $9.95 million.

Related: Trump Election Win Could Impact SEC Crypto Lawsuits, Experts Weigh In

Arkham noted on X that much of the wallet’s value comes from appreciating assets, especially MAGA. The token is trading at $12.43 after experiencing an 8.3% increase in the past day, according to The Block’s Price Page. MVP is worth around $0.48 a token, having dropped 12.7% within the last day, CoinMarketCap price data shows.

With the wallet’s performance, Trump remains the top celebrities in terms of cryptocurrency holdings, surpassing others such as Justin Bieber, Kevin Hart and Jimmy Fallon.

Arkham connected the wallet address to the former president using information from his financial statements filed in August 2023.

At the time the connection was made, Trump held nearly $5 million in ETH and had earned $4.9 million in royalties from the Trump Digital Trading Card NFT collection, bringing him to a “crypto whale” status. The wallet sold off $2.4 million worth of ETH in December 2023, The Block previously reported.

At the 2024 Libertarian National Convention on May 25, Trump brought up supporting self-custody rights, banning central bank digital currencies and even freeing the incarcerated Silk Road founder Ross Ulbricht — for which Ulbricht expressed gratitude. Despite previously denouncing bitcoin and other cryptocurrencies, Trump noted feeling “positive and open-minded” to the cryptocurrency industry, showing that it is indeed becoming an increasingly political issue.

The post Bitcoin Wallet Revealed: $10M Holdings appeared first on Coin Engineer.

Invites to the dinner were given to people who individually purchased more than 47 NFTs valued at $99 each. In his speech outside the court on Tuesday, Trump said he preferred to campaign on his ongoing case, which he called a “scam.” The hearing centers on allegations of falsifying business records related to hush money payments made to adult film actress Stormy Daniels.

The “Mugshot” NFTs feature Trump’s mugshot from his 2023 arrest on charges of conspiracy to object to the 2020 US election results, which has not yet been tried. Notably, the company behind these NFTs is not directly affiliated with Trump’s campaign.

In addition to the dinner, fans who purchase enough NFTs will receive a physical card featuring a piece of the suit Trump wore during his arrest in Atlanta last August. The dress is touted on the NFT promotional website as “the most historically significant artifact in the history of the United States.”

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