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Author: Tom Mitchelhill, CoinTelegraph; Compiled by: Tao Zhu, Bitchain Vision
Republican candidate Donald Trump owns up to $5 million worth of cryptocurrency and has made more than $7 million in profits from his entry into the non-fungible token (NFT), a new financial disclosure document shows.
Trump declares holdings of $1 million to $5 million worth of Ethereum crypto assets, according to personal financial disclosure documents obtained by ethics watchdog agency Citizen Morality.
also,Trump revealed that he earned over $7.15 million from three NFT collections,These include the “Mugshot” project against criminal prosecution and two separate collections of Donald Trump’s trading card series.
Trump disclosed that he owned a cryptocurrency worth up to $5 million.Source: Citizensforethics
Earlier, Trump hinted that a fourth NFT series would be released on July 16, and told Bloomberg that “people want” him to release another one.
The former president recently released a series of “official crypto sneakers” on August 1, with limited edition 1,000 pairs of orange high-tops sold out in a few hours, despite a price tag of $499.
Arkham Intelligence, a blockchain analytics platform, estimates that Trump held the Ethereum cryptocurrency at the time of its release was worth $3.5 million.
Donald Trump holds $3.5 million worth of ETH assets.Source: Arkham Intelligence
In June, Trump’s on-chain cryptocurrency holdings soared to $18 million as the price of MAGA memecoin with the word “Trump” rose sharply.
TRUMP memecoin was launched in August to donate to U.S. veterans and protect children.Although it is named after the former president, it has no formal connection with or is recognized by Donald Trump.
Trump’s cryptocurrency holdings soared to $18 million in July during Trump’s rally.Source: Arkham Intelligence.
In addition to cryptocurrencies, the disclosure also shows that the former president made more than $300,000 by selling a range of branded products and combined it from Lake Mara Resort and privately-branded golf courses in Doral, Florida.Earned $216 million.
This is slightly different from what happened in August 2023, when Trump disclosed that he owned more than $2.8 million in Ethereum-based crypto assets and reported more than $4.8 million in NFT earnings.
Trump has a legal obligation to submit a comprehensive financial disclosure while running for the U.S. federal office.
Trump, a former critic of Bitcoin and cryptocurrencies, has become an outspoken advocate for digital assets in recent months, establishing a stance in favor of cryptocurrencies, a key part of his 2024 campaign.
Trump delivered a speech at the Bitcoin 2024 conference in Nashville, promising that if elected president, he would establish a national Bitcoin reserve by implementing a series of crypto-friendly policies and establish the United States as the “world’s crypto capital.”
