Former President Donald Trump Holds Millions in Ethereum, According to Recent Filing
Former US President Donald Trump has disclosed that he possesses a substantial amount of Ethereum, valued between $1 million to $5 million, as reported by Citizens for Ethics. The disclosure indicates that Trump holds these assets in a hardware wallet.
Additionally, Trump has earned over $7.15 million through an NFT license agreement. According to Arkham Intelligence, Trump’s cryptocurrency portfolio includes $1.29 million in Ethereum (ETH), $986,000 in Wrapped Ethereum (WETH), and $372,000 in a lesser-known meme coin called Trog (TROG).
Despite Trump’s crypto holdings, Forbes estimates his net worth at $7.5 billion, making his cryptocurrency investments a small fraction of his total wealth, representing just 0.067%.
Trump’s involvement in the NFT space is further highlighted by his earnings from a license agreement with NFT INT, LLC, related to ‘Trump Digital Trading Cards.’ These NFTs depict Trump in various scenarios and have seen mixed results since their release.
Following an assassination attempt on Trump, the value of his NFT collection on the Ethereum sidechain network Polygon surged to 933 MATIC ($379) but has since dropped to 546 MATIC ($221) on Magic Eden.
In the context of the upcoming 2024 US presidential election, Trump has positioned himself as a pro-crypto candidate. His campaign pledges include ending perceived anti-crypto policies, removing SEC Chair Gary Gensler, and establishing a strategic Bitcoin stockpile.
On the other hand, Trump’s Democratic rival, Kamala Harris, has not made public statements on cryptocurrency. However, her campaign has reportedly engaged with industry figures, with Senator Chuck Schumer promising to pass crypto legislation by the year’s end.
The evolving landscape of cryptocurrency ownership among political figures like Trump underscores the growing intersection of politics and digital assets.
