Donald Trump's Digital Wallet Contains $3.6M in Crypto Assets, Made $7M in NFT Earnings

As per the personal financial disclosure obtained by ethics watchdog Citizens for Ethics, the Republican presidential candidate has digital holdings

Former U.S. President Donald Trump disclosed digital assets worth around $1 million to $5 million in his latest personal financial disclosure, ethics watchdog Citizens for Ethics obtained the disclosure.

The exact cryptocurrencies Trump holds were not detailed in the disclosure. However, earlier this year, he mentioned having "some fun" with Bitcoin ($BTC), the world's top digital asset by market value. This suggests that a portion of his crypto holdings may be in BTC.

Interestingly, data from leading blockchain analytics firm Arkham Intelligence shows that the business mogul has nearly 500 $ETH, valued at around $1.29 million, as of early Friday. A further examination of his disclosed crypto wallet reveals that it also contains various memecoins. These include 10 million $MAGAA tokens and some 10 million $FIGHT tokens. In total, his wallet's value amounts to $3.6 million as of Friday.

The disclosure also reveals that Trump made $7,156,385 from his ventures into the nonfungible token (NFT) space. Notably, he launched a total of three NFT collections, including his trading cards NFT series.

Last year, a filing with the Office of Government Ethics (OGE) showed that Trump's crypto holdings within an Ethereum wallet were valued between $250,000 and $500,000. If the said wallet is the same as the one declared in his latest disclosure, it would indicate that the value of Trump's crypto holdings has more than doubled in a year.

In other related news, the GOP presidential candidate continues to dabble in the digital assets space. Just this month, he launched a new crypto-themed sneaker line. Among the sneakers in the collection is a "super limited" Bitcoin High Tops edition, which sold out in a matter of hours.

As of the time of writing, the Low Tops $BTC version of the "Trump Crypto President" sneaker line has been tagged on the website as now having "low stock." Meanwhile, the High Tops black edition is still available for purchase.

Moreover, Trump's sons, Donald Trump Jr. and Eric, have teased an upcoming "huge" project in decentralized finance (DeFi) that they have since clarified is not a new memecoin.

Despite painting himself as the "crypto president" in recent months, some questions remain regarding Trump's genuine support for the crypto industry, given his past comments about Bitcoin possibly being a "scam."

Nevertheless, many crypto users appear to be drawn to the former president, especially after he spoke at the Bitcoin 2024 conference in Nashville last month where he promised to back self-custody of digital assets and make the country the world's leader in crypto innovation.

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