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).
According 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 criminal indictment-geared “Mugshot” project and two separate series of Donald Trump Trading Cards collections.
Trump disclosed owning up to $5 million in crypto. Source: Citizensforethics
Trump hinted at releasing a fourth NFT series on July 16, telling Bloomberg that “the people want” him to release another one.
Trump recently released a line of “official crypto-sneakers” 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 Intelligence pins Trump’s Ethereum-based crypto holdings at $3.5 million at the time of publication.
Donald Trump holds $3.5 million in ETH-denominated assets. Source: Arkham Intelligence
Trump’s onchain crypto holdings briefly soared as high as $18 million in June amid an outsized rally in the price of a MAGA memecoin sporting the ticker “TRUMP.”
The TRUMP memecoin was launched in August to donate to US veterans and protect children. While it bears the former president’s name, it is not officially affiliated with or endorsed by Donald Trump.
Trump’s crypto holdings soared to $18 million in July amid the TRUMP token rally. Source: Arkham Intelligence.
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.
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