Recent revelations about Donald Trump’s financial interests show that he holds millions of dollars in cryptocurrencies in addition to receiving significant income from NFT licensing fees.
Although Disclosure The report by transparency advocacy group CREW did not indicate the exact amount of cryptocurrency Trump owns, and on-chain tracking platform Arkham Intelligence open The former president’s wallet contains $1.28 million worth of Ethereum (ETH), and other tokens, including Trump Coin (MAGA), totaling about $1.8 million.
The CREW filing also highlighted Trump’s NFT licensing fee income of around $7.15 million from an agreement with a company called NFT INT. Additionally, Trump’s wife Melania reportedly made $330,609 from selling NFTs from the same company.
In 2019, Trump said he was not a fan of Bitcoin and other cryptocurrencies because their “value is so volatile and depends on the wind.” Today, his campaign is backing cryptocurrencies, turning the sector into a major talking point ahead of Election Day on November 5.
Trump recently promised that if he wins the November election, he will create a national strategic reserve of Bitcoin for the United States.
Pushing the crypto agenda, the Trump sons made a splash on August 7 when they announced a “huge announcement coming.” In a post on X, Donald Trump Jr. hinted that the upcoming announcement would “shake up” the crypto ecosystem, while Eric Trump expressed his deep enthusiasm for crypto and decentralized finance, promising major developments in the space.
Immediately following the announcement, some analysts suggested that the development could target the real-world asset market.
However, in a subsequent interview with the New York Post on August 14, Eric Trump announced that the next project would focus on “digital real estate.”
Eric Trump’s announcement sparked a series of social media rumours, which Trump Jr. later addressed. The eldest Trump sibling urged the community to rely solely on updates from the company’s official Telegram channel for the project, called “The DeFiant Ones”.
The Trump campaign team also tried to rally the crypto community behind the former president, raising over $3 million in crypto donations to show their support for the crypto community.
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