Donald Trump’s latest public financial disclosure shows that he holds between $250,000 and $500,000 worth of Ethereum (ETH).
Trump’s 2023 OGE financial disclosure documents, released recently, featured an item described as a “Cryptocurrency Wallet (Ethereum),” whose value the former President placed between $250,000 and $500,000.
The content of the crypto wallet is likely tied to the sale of non-fungible tokens (NFTs) he launched in December 2022 after exiting the White House.
The limited edition NFT collection sold out within a day and comprised 44,000 digital trading cards featuring the former President in different costumes and poses.
According to reports, Trump’s NFT adventure netted upwards of $8.9 million in sales, earning him about $298,000 in licensing fees. The crypto wallet through which the earnings were collected is held under the same Trump entity, CIC Digital, that collected these licensing fees.
Former first lady Melania Trump also briefly dabbled in NFTs, turning several popular images from NASA’s Apollo moon landings into digital pieces that sold for $75 each. However, NASA criticized the venture, stating it violated the space agency’s merchandising regulations.
It is interesting that Trump now holds crypto, considering his past skepticism. In 2019, he stated he was “not a fan” of Bitcoin (BTC), which he described as “not money” and whose value he claimed was “based on thin air.”
In 2021, at the height of his re-election campaign, Trump reiterated his stance on crypto, calling the asset class “fake.”