Donald Trump owns Ethereum (ETH) valued in the range of $250,000 to $500,000
The most recent public financial disclosure by Donald Trump unveils an unexpected asset in his portfolio: between $250,000 and $500,000 worth of Ethereum (ETH), a prominent cryptocurrency.
In the recently released 2023 OGE (Office of Government Ethics) financial disclosure documents, an intriguing entry caught the attention – a “Cryptocurrency Wallet (Ethereum).” The valuation assigned to this asset by the former President ranges from $250,000 to $500,000.
It appears that the contents of this cryptocurrency wallet are intricately linked to a notable event in Trump’s post-presidential journey – the sale of non-fungible tokens (NFTs), which he initiated in December 2022 after departing from the White House.
This captivating NFT collection consisted of 44,000 limited edition digital trading cards, each showcasing the former President donning various costumes and striking diverse poses. Astonishingly, this collection of NFTs witnessed a remarkable feat, selling out ultimately within a single day.
The allure of these NFTs translated into substantial financial gains for Trump. Reports indicate that his foray into the NFT market generated an impressive $8.9 million in sales revenue, resulting in licensing fees totaling approximately $298,000. Significantly, the cryptocurrency wallet employed to amass these earnings is held within the same Trump-associated entity, CIC Digital, that facilitated the collection of these licensing fees.
Interestingly, even Melania Trump, the former First Lady, briefly ventured into the world of NFTs. She transformed iconic images from NASA’s Apollo moon landings into digital artworks, selling each piece for $75. However, this creative endeavor faced criticism from NASA, which contended that the initiative violated the agency’s merchandising regulations.
Donald Trump’s newfound involvement in the cryptocurrency realm is noteworthy, particularly in light of his historical skepticism towards digital assets. In 2019, he made his disbelief evident by declaring himself “not a fan” of Bitcoin (BTC), dismissing it as “not money” and attributing its value to mere “thin air.”
Even in 2021, during the pinnacle of his re-election campaign, Trump upheld his stance against cryptocurrencies, labeling the entire asset class as “fake.”
This recent revelation regarding Trump’s ownership of Ethereum is a significant shift in his relationship with the cryptocurrency market, highlighting the dynamic and evolving nature of the digital financial landscape.
