Donald Trump made more than $7 million in NFTs, new disclosures show
A new financial disclosure reveals that US presidential candidate Donald Trump holds up to $5 million in crypto and has earned more than $7 million.
According to personal financial disclosures obtained by ethics watchdog Citizens for Ethics, the former president declared holdings of $1 million to $5 million in Ethereum-based crypto assets.
In addition, Trump disclosed that he earned more than $7.15 million from his three NFT collections, which include the indicted “mugshot” project and two separate sets of Donald Trump business cards.
Trump hinted at releasing a fourth series of NFTs on July 16, telling Bloomberg that “people want another release.”
Trump recently released a line of “official crypto-sneakers” on August 1, with a limited edition of 1,000 orange high-tops priced at $499 that sold out within hours.
Blockchain analytics platform Arkham Intelligence pegged Trump's Ethereum-based crypto holdings at $3.5 million at the time of publication.
Trump's onchain crypto holdings surged to $18 million in June amid a massive rally in the price of the MAGA memecoin “TRUMP”.
TRUMP memecoin was launched in August to donate to US veterans and protect children. Although it bears the former president's name, it is not officially affiliated with or endorsed by Donald Trump.
The disclosures show that Trump made more than $300,000 selling a series of branded Bibles and a combined $216 million from his Mar-a-Lago resort and golf course in Doral, Florida.
Related: Donald Trump declares that the US should not take ‘second place' in the crypto industry
That's a slight jump from August 2023, when Trump disclosed that he owned more than $2.8 million in Ethereum-based crypto assets and reported more than $4.8 million in income from NFTs.
Trump is legally required to file comprehensive financial disclosures when running for office in the United States.
Once a critic of Bitcoin and crypto, Trump has become an advocate of digital assets in recent months, establishing a pro-crypto position as a key part of his 2024 election campaign.
Speaking at the Bitcoin 2024 conference in Nashville, Trump promised to implement a series of crypto-friendly policies, create a national bitcoin reserve and establish the US as the “crypto capital of the world” if elected president.
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