Trump’s Crypto Stash Worth Up to Half a Million ETH

Donald Trump’s most recent public financial disclosure has revealed his ownership of Ethereum (ETH), valued between $250,000 and $500,000.

The 2023 Office of Government Ethics (OGE) financial disclosure documents, recently made public, contain an entry labeled “Cryptocurrency Wallet (Ethereum),” with the former President estimating its value to be within the $250,000 to $500,000 range.

This cryptocurrency wallet likely corresponds to the proceeds from the sale of non-fungible tokens (NFTs) that Trump launched in December 2022 after leaving the White House. The NFT collection, consisting of 44,000 limited edition digital trading cards depicting the former President in various costumes and poses, was sold out within a day.

Reports suggest that Trump’s venture into NFTs generated over $8.9 million in sales, with approximately $298,000 earned in licensing fees. These earnings were collected through the same crypto wallet under the Trump entity, CIC Digital, which also received the licensing fees.

Former first lady Melania Trump also briefly engaged with NFTs, converting several iconic images from NASA’s Apollo moon landings into digital artworks that sold for $75 each. However, the endeavor faced criticism from NASA, which contended that the project violated the space agency’s merchandise regulations.

Interestingly, Trump’s ownership of cryptocurrency marks a shift from his prior skepticism. In 2019, he expressed his disapproval of Bitcoin (BTC), stating that he was “not a fan” of it, deeming it “not money” and asserting that its value was based on “thin air.” During his re-election campaign in 2021, Trump reiterated his stance, referring to cryptocurrencies as “fake.”

This new disclosure of Ethereum ownership suggests a more nuanced relationship with the crypto space for the former President.

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