A recent financial statement, made public by Citizens for Ethics, revealed that former US president and current presidential candidate, Donald Trump, has cashed in over $7 million from the sale of NFT and owns up to $5 million in cryptocurrencies.
Donald Trump and Cryptocurrencies: Assets up to $5 Million
According to the financial document, Donald Trump holds between $1 million and $5 million in Ethereum-based cryptocurrencies.
Arkham Intelligence, a blockchain analysis platform, estimated the value of Trump’s crypto assets to be currently around $3.5 million. However, in June 2023, his on-chain wallet peaked at $18 million, mainly due to the surge in the price of the MAGA memecoin, identified with the ticker “TRUMP.”
NFT sales, earnings over $7 million
Trump revealed that he earned $7.15 million from the sale of three NFT collections: the two sets of “Donald Trump Trading Cards” and the “Mugshot” project. These collections have had significant market success, contributing substantially to the former president’s financial fortune. Recently, Trump hinted at the possibility of launching a fourth series of NFTs. In an interview with Bloomberg, he stated that “people want” him to release another one, signalling continued public interest in his digital products.
Launch of Bitcoin-themed Sneakers
In addition to the NFTs, Trump launched a limited series of Bitcoin-themed trainers. These shoes, featuring an orange colour scheme and a printed Bitcoin logo, were sold for $499. The series, consisting of 1,000 pairs, sold out within hours of launch. Trump’s financial statement also revealed that the former president earned over $300,000 from the sale of a series of branded Bibles. On the real estate front, Trump reported total earnings of $216 million from his Mar-a-Lago resort and golf course in Doral, Florida.
Pro-Crypto position of Donald Trump
During 2023, Trump progressively adopted a pro-cryptocurrency stance, despite having been critical of Bitcoin and other digital assets in the past. This new pro-crypto stance represents one of the key points of his campaign for the 2024 presidential election.
This data confirms the evolution of Trump’s financial strategy, which is exploiting both the cryptocurrency and NFT markets to diversify and increase his personal wealth.
#million #crypto #million #cashed #NFTs
Want to see more news about NFT?
