A new financial statement has revealed former United States President Donald Trump owns over $2.8 million in an Ethereum wallet.
The statements shared on Aug. 14 by the non-profit watchdog Citizens for Responsibility and Ethics in Washington show Trump made over $4.8 million from licensing fees tied to nonfungible token (NFT) collections using his image — with Trump netting around $7.6 million from his crypto-related ventures.
The $2.8 million in Trump’s Ethereum wallet is considerably larger than the $250,000 to $500,000 figure disclosed in Trump’s April 14 filing.
You might’ve missed this in the middle of the Georgia indictment news, but we got our hands on new Trump financial documents. Give them a read here: https://t.co/oAHGihGNAO
— Citizens for Ethics (@CREWcrew) August 15, 2023
Trump is bidding to return to the White House in the upcoming 2024 election following his loss to current President Joe Biden in 2020.
Trump’s latest financial report is overshadowed by the news of his indictment in Georgia on Aug. 14 on charges that he and his supporters conspired to interfere with the 2020 presidential election.
Related: Republican candidate wants to end President Biden’s war on Bitcoin if elected
The billionaire real estate tycoon has voiced his skepticism towards crypto in the past, suggesting cryptocurrencies “may be fake” and are a “disaster waiting to happen.”
He has also opposed Bitcoin (BTC) specifically, stating it “seems like a scam” and doesn’t like it “because it is another currency competing against the dollar.”
I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity….
— Donald J. Trump (@realDonaldTrump) July 12, 2019
Magazine: Girl Gone Crypto thinks ‘BREAKING’ crypto news tweets are boring: Hall of Flame