A current disclosure of Donald Trump’s monetary pursuits reveals he holds hundreds of thousands of {dollars} in cryptocurrency in addition to receiving appreciable revenue from NFT licensing charges.
Though the disclosure by transparency advocacy group CREW, didn’t point out the precise quantity of crypto Trump holds, on-chain monitoring platform Arkham Intelligence revealed the previous President’s portfolio has Ethereum (ETH) value $1.28 million, and different tokens, together with a Trump (MAGA) meme coin, all including as much as about $1.8 million.
The CREW filings additionally highlighted Trump’s NFT licensing charge revenue of about $7.15 million created from an settlement with an organization known as NFT INT. Furthermore, Trump’s spouse Melania reportedly earned $330,609 from the sale of NFTs from the identical agency.
In 2019, Trump mentioned he was not a fan of Bitcoin and different cryptocurrencies as a result of their “value is highly volatile and based on thin air.” As we speak, his marketing campaign is pro-crypto, turning the sector into a serious speaking level forward of Election Day on Nov. 5.
Lately, Trump promised that if he gained the November elections, he would create a nationwide strategic Bitcoin reserve for the U.S.
Additional pushing the crypto agenda, on Aug. 7, Trump’s sons set tongues wagging after they teased a “huge upcoming announcement. In a post on X, Donald Trump Jr. hinted that the upcoming announcement would “shake up” the crypto ecosystem, whereas Eric Trump expressed his deep enthusiasm for crypto and DeFi, promising a major growth in that space.
Within the speedy aftermath of the announcement, some analysts had urged that the event would possibly goal the real-world belongings market.
Nonetheless, in a follow-up interview with the New York Put up on Aug. 14, Eric Trump let it’s identified that the forthcoming mission can be centered on “digital real estate.”
Eric Trump’s announcement sparked a number of rumors throughout social media, which Trump Jr. addressed later. The eldest of the Trump siblings urged the group to solely depend on updates from the corporate’s official Telegram channel for the mission, named “The DeFiant Ones.”
Trump’s marketing campaign group has additionally been making an attempt to rally the crypto group behind the previous president, gathering over $3 million in crypto donations to indicate their assist for the crypto group.
