According to a new submissionDonald Trump has made over $7 million from his NFT releases. The revelation also reveals that the 45th President of the United States currently owns over $5 million worth of Ethereum, in an interesting twist.
Trump’s bid for re-election in November has focused on the crypto asset class. He has specifically sought to protect the rights of digital asset holders in the country. As a result, he has become an increasingly popular option for crypto voters who have long been waiting for government intervention to be able to draw up appropriate regulations.
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Trump Reveals ETH Holdings, NFT Revenue in New Filing
There is no denying the growing importance of crypto. The asset class has skyrocketed in relevance this year. With two crypto-based ETFs approved, the asset class has never been more attractive to mainstream investors. What’s more, companies like BlackRock and Goldman Sachs Note the increasing exposure to tokens like Bitcoin.
This raised more hopes for crypto advocacy for the incoming US president. Until now, Donald Trump has emerged as a voice for that group. Now, a new dossier reveals the former president’s substantial assets.
According to a filing, Donald Trump made $7 million from his NFT collection. Additionally, he currently has between $1 million and $5 million in a “cryptocurrency wallet, with virtual Ethereum key, kept in a cold wallet.”
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On-chain analytics company Arkham Intelligence recently reported that Trump owns over $3.6 million worth of Ethereum-based crypto. That investment is spread across three coins. Specifically, Trump owns $1.29 million worth of ETH, $900,000 worth of WETH, and $400,000 worth of GUA.
Financial asset disclosure is a key part of the presidential candidacy process. It clearly displays income to the voting public. Additionally, it allows voters to identify potential conflicts of interest. This shows that Trump is not only a crypto advocate, but also has significant exposure to the asset class.