Former President Donald Trump disclosed owning up to $5 million in Ethereum and reported earnings exceeding $7 million from his non-fungible token (NFT) ventures, according to his financial disclosures from the Citizens for Ethics group.
Trump holds Ethereum-based assets valued between $1 million and $5 million in a cold wallet, with blockchain analytical platform Arkham Intelligence showing his wallet contains approximately $3.6 million in crypto, including $1.29 million in ETH and $989,000 in wrapped ETH.
He also reported earning $7.15 million in licensing fees from NFT INT LLC for his NFT collections, which include the “Mugshot” edition and two series of Donald Trump Trading Cards.
NFT INT sells the cards and uses Trump’s name and likeness under a licensing agreement with CIC Digital.
Pro-Bitcoin
Trump’s evolving stance on digital assets marks a significant shift from his previous skepticism towards the crypto industry. He has embraced them as a key focus in the upcoming November elections, pledging to build a national Bitcoin reserve and position the US as a leader in the sector through pro-crypto policies.
CoinShares pointed out that Trump’s potential second term could greatly influence Bitcoin, with his presidency potentially creating a mixed but potentially advantageous landscape for the cryptocurrency.
