Former U.S. President Donald Trump has disclosed holdings of up to $5 million in Ethereum-based cryptocurrency assets and earned more than $7 million from his NFT ventures, according to a recent financial disclosure.
The document, obtained by ethics group Citizens for Ethics, reveals that Trump holds between $1 million and $5 million in a cryptocurrency wallet secured with a virtual Ethereum key in a cold wallet. His cryptocurrency holdings include $1.29 million in ether, over $900,000 in wrapped ether (WETH), and more than $400,000 in GUA tokens, according to data from blockchain analysis firm Arkham Intelligence.
In addition to his crypto assets, Trump has earned over $7.15 million from a licensing agreement with NFT INT, which facilitated the sale of his NFT collections.
This marks a significant shift in Trump’s stance on cryptocurrency. While he previously criticized digital currencies during his presidency, calling them scams in 2019, Trump has now embraced the sector, even issuing his own NFT collections. His campaign has promoted the idea of building a “crypto army,” and Trump has expressed a desire for future bitcoin mining to be U.S.-based.
Despite his involvement in crypto, Trump did not mention the topic during a recent interview with Elon Musk on X Spaces. Meanwhile, several Trump-themed memecoins have experienced mixed performance, with some dropping significantly while FreeTrump rose by 40%.