Former president Donald Trump disclosed that he owns up to $5 million in crypto and has earned over $7 million from his three NFT collections.
A new financial disclosure has revealed that United States presidential candidate Donald Trump owns up to $5 million in crypto and has netted over $7 million from his foray into non-fungible tokens (NFTs).
AccordingĀ to a personal financial disclosure obtained by ethics watchdog Citizens for Ethics, the former president declared holdings of between $1 million and $5 million in Ethereum-based crypto assets.
Additionally, Trump disclosed that he had earned more than $7.15 million from his three NFT collections, which include the criminalĀ indictment-geared āMugshot”Ā project and two separate series of Donald Trump Trading Cards collections.
Trump hinted atĀ releasing a fourth NFT seriesĀ on July 16, telling Bloomberg that āthe people wantā him to release another one.
TrumpĀ recently released a lineĀ of āofficial crypto-sneakersā on Aug. 1, with a limited edition run of 1,000 orange hi-tops shoes selling out in a few hours despite the $499 price tag.
Blockchain analytics platform Arkham IntelligenceĀ pinsĀ Trumpās Ethereum-based crypto holdings at $3.5 million at the time of publication.
Trumpās onchain crypto holdings brieflyĀ soared as high as $18 millionĀ in June amid an outsized rally in the price of a MAGA memecoin sporting the ticker āTRUMP.ā
The TRUMP memecoin was launched in August to donate to US veterans and protect children. While it bears the former presidentās name, it is not officially affiliated with or endorsed by Donald Trump.
Outside of crypto, the disclosure also showed Trump made over $300,000 from selling a series of branded bibles and a combined $216 million from the Mar-a-Lago resort and his self-branded golf course in Doral, Florida.
Itās a bit of a jump from August 2023, when TrumpĀ disclosed owning over $2.8 millionĀ in Ethereum-based crypto assets and reported earnings of more than $4.8 million from NFTs.
Trump is legally obligated to submit comprehensive financial disclosures while running for a position in the federal office of the United States.
Once aĀ critic of Bitcoin and crypto, Trump has become an outspoken advocate of digital assets in recent months, establishing a pro-crypto position as a key part of his 2024 election campaign.
Speaking at the Bitcoin 2024 conference in Nashville, TrumpĀ promised to createĀ a national Bitcoin stockpile andĀ establish the US as theĀ ācrypto capital of the worldā by implementing a series of crypto-friendly policies if elected president.
Source:- COINTELEGRAPH
