Donald Trump Owns Around $250K to $500K worth of Ether
- The 45th president of the United States, Donald Trump, owns around $250K to $500K worth of Ether (ETH).
- The businessman’s 2023 OGE financial disclosure had a section called “Cryptocurrency Wallet (Ethereum).”
- The amount can be tied to the NFT collection that he launched in December 2022, which sold out in a day.
- The NFT collection raked in $8.9 million in sales, and the former president got $298K in licensing fees.
Former President of the United States and billionaire entrepreneur, Donald Trump, owns a considerable amount of Ether (ETH), the native token of the Ethereum network, the second-largest blockchain network in the crypto sector. More importantly, the businessman is also running for the 2024 presidential elections “because he’s trying to stay out of jail”, one of his rivals for the Republican White House nomination said.
The 2023 OGE financial disclosure documents belonging to Donald Trump featured a sector called the “Cryptocurrency Wallet (Ethereum),” which confirms that the former president of the US owns a significant amount of Ether. The value of the cryptocurrency holding has been put between $250K and $500K.
Interestingly, the amount can be tied to the non-fungible token (NFT) collection that Donald Trump launched in December 2022 after resigning from his position as President of the United States. Interestingly, the limited-edition NFT collection contained 44,000 digital trading cards featuring the former US president in different costumes and poses. Moreover, these cards sold out within a day of their launch.
As per reports from that time, the Donald Trump NFT collection raked in $8.9 million in sales, and the businessman got $298,000 in licensing fees. Additionally, the crypto wallet in which the earnings were collected was held under the same entity that collected these licensing fees, i.e., CIC Digital.
It is important to mention here that Donald Trump’s wife, Melanie Trump, also dabbled with NFTs for a short period of time, releasing tokenized forms of several popular images from NASA’s Apollo moon landings into digital pieces that sold for $75 each.
Donald Trump turns out to be the owner of a significant amount of Ether (ETH), while previously he was a strong critic of the digital asset sector. He said that the crypto sector is “potentially a disaster waiting to happen in a 2019 statement.As reported earlier by BitcoinWisdom, the mayor of Miami, Bitcoin supporter Francis Suarez, and Florida Governor Ron DeSantis entered the 2024 presidential race alongside Donald Trump. Both politicians have expressed interest in crypto-friendly policies.
A crypto journalist with over 3 years of experience in DeFi, NFT, metaverse, etc. Parth has worked with major media outlets in the crypto and finance world and has gained experience and expertise in crypto culture after surviving bear and bull markets over the years.
