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16/08/24
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Trump’s Crypto Holdings and NFT Ventures: A Financial Shift Ahead of 2024
A recent financial disclosure reveals significant holdings in cryptocurrency by Donald Trump, the Republican presidential nominee. According to information from an ethics watchdog, Trump has declared between $1 million and $5 million in Ethereum-based cryptocurrencies. Additionally, he has reported earnings exceeding $7 million from his ventures into non-fungible tokens (NFTs), which encompass collections such as the “Mugshot” NFT, aimed at addressing his legal challenges, and a series of Donald Trump Trading Cards.
In an apparent response to demand, Trump has hinted at the release of a fourth NFT collection, emphasizing public interest in further offerings. His foray into the crypto sphere has also expanded to merchandise, exemplified by a recent launch of “official crypto-sneakers.” This limited edition release of 1,000 pairs sold out rapidly, despite being priced at $499 each.
As of the latest data, estimates place Trump’s Ethereum-based crypto assets at around $3.5 million. His cryptocurrency holdings have seen notable fluctuations, reaching as high as $18 million in June, propelled by a rally in a memecoin associated with his name, though it is not officially endorsed by him. This memecoin aims to support U.S. veterans and children’s advocacy.
The financial disclosure also highlights Trump’s diverse revenue streams beyond cryptocurrency. He has earned over $300,000 from a series of branded bibles and reported approximately $216 million from his Mar-a-Lago resort and golf course in Doral, Florida.
This financial landscape marks a stark change from the previous August when Trump reported approximately $2.8 million in Ethereum and $4.8 million from NFTs. As part of his campaign for the 2024 election, Trump has shifted from being a critic of cryptocurrency to advocating for digital assets, promising to create a national Bitcoin stockpile and position the U.S. as a leader in the crypto sector if elected.
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