• Donald Trump’s latest public financial disclosure shows that he holds between $250,000 and $500,000 worth of Ethereum (ETH).
• The content of the crypto wallet is likely tied to the sale of non-fungible tokens (NFTs) he launched in December 2022.
• Trump has previously been a strong opponent of the crypto industry.
Donald Trump’s Crypto Investment
Donald Trump’s latest public financial disclosure shows that he holds between $250,000 and $500,000 worth of Ethereum (ETH). His 2023 OGE financial disclosure documents featured an item described as a “Cryptocurrency Wallet (Ethereum),” whose value the former President placed between those amounts.
The Source of Funds
The content of the crypto wallet is likely tied to the sale of non-fungible tokens (NFTs) he launched in December 2022 after exiting the White House. The limited edition NFT collection sold out within a day and comprised 44,000 digital trading cards featuring the former President in different costumes and poses. According to reports, Trump’s NFT adventure netted upwards of $8.9 million in sales, earning him about $298,000 in licensing fees. The crypto wallet through which these earnings were collected is held under the same Trump entity, CIC Digital.
Melania’s NFT Venture
Former first lady Melania Trump also briefly dabbled in NFTs, turning several popular images from NASA’s Apollo moon landings into digital pieces that sold for $75 each. However, NASA criticized the venture stating it violated their space agency’s merchandising regulations.
Trump’s Views on Cryptocurrencies
It is interesting that Trump now holds crypto considering his past skepticism . In 2019 he stated he was “not a fan“ of Bitcoin (BTC), which he described as “not money.“ This opinion didn’t change even after leaving office; just last month at a rally in North Carolina he compared cryptocurrencies unfavorably with US dollars by asking rhetorically why anyone would accept cryptos when they could get „real cash“.
Despite his negative views on cryptocurrencies, Donald Trump now owns Ethereum valued at anywhere between $250K and $500K — thanks to his limited edition NTF collection released last year which earned him over 8 million dollars in sales revenue.