Donald Trump Discloses Millions of Dollars Worth of Ethereum Holdings
Crypto News

Donald Trump Discloses Millions of Dollars Worth of Ethereum Holdings

2m
Created 2mo ago, last updated 2w ago

US presidential candidate and former president Donald Trump reportedly holds over a million dollars in Ethereum (ETH), according to a financial disclosure obtained by Citizens for Ethics

Donald Trump Discloses Millions of Dollars Worth of Ethereum Holdings
US presidential candidate and former president Donald Trump reportedly holds over a million dollars in Ethereum (ETH), according to a financial disclosure obtained by Citizens for Ethics. The disclosure shows Trump’s cryptocurrency wallet contains between $1 million and $5 million worth of Ethereum, stored in a hardware wallet.
The Citizens for Ethics report also highlights Trump’s financial gains from NFTs. He earned over $7.15 million through a licensing agreement with NFT INT, LLC, responsible for creating the "Trump Digital Trading Cards." These NFTs, launched in December 2022 and April 2023, depict Trump in various heroic and fantastical scenarios and initially offered perks like potential meet-and-greets.
In addition to Ethereum, Trump has earned over $7.15 million from an NFT license agreement. Arkham Intelligence estimates Trump's cryptocurrency holdings at $3.6 million, including $1.29 million in Ethereum, $986,000 in Wrapped Ethereum, and $372,000 in the meme coin Trog, which features a frog in a MAGA hat.
View post on Twitter

In June, Arkham reported that Trump’s public wallet held over $20 million worth of cryptocurrencies, after being airdropped half the supply of TROG. Despite these cryptocurrency assets, Forbes values Trump’s net worth at $7.5 billion, making his crypto holdings a mere 0.067% of his total wealth.

Trump has positioned himself as a pro-crypto candidate for the 2024 U.S. presidential election. His campaign promises include ending the current administration's "anti-crypto crusade," firing SEC Chair Gary Gensler, and building a strategic Bitcoin reserve.

While crypto is not a core goal in the Republican Party’s 2024 platform, Trump continues to advocate for the digital asset industry. Meanwhile, his Democratic rival, Kamala Harris, has not publicly addressed cryptocurrency. According to Polymarket, Harris’ odds of winning the US presidential race fell sharply over the weekend and is now only 2% ahead of Trump.
This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
1 person liked this article