Former US President Donald Trump’s crypto holdings exceed $5 million, media reports said on Tuesday. The reports are based on Trump’s FEC certified 2023 financial disclosures accessed by Citizens for Responsibility and Ethics in Washington (CREW). A day earlier, news reports revealed that Trump held $500,000 worth of ether.
According to the latest disclosures, the former US Prez owns up to $5 million worth of Ether (ETH) in a wallet. The disclosures also mention Trump earned $4.9 million from an NFT licensing deal. Trump participated in two separate branded NFT events with NFT INT LLC. Media reports said these NFT drops generated millions of dollars in sales and royalties.
The first Trump NFT was launched at the end of 2022, and the second in April 2023. His first NFT series sold for a fixed price of $99 and has generated over $26 million in trading, according to OpenSea data. Royalties collected from secondary sales have earned Trump $2.6 million in crypto assets.
As crypto prices move quickly, Trump could be close to the crypto whale threshold of $10 million in crypto assets. The four wallets that receive revenues from Trump’s NFT ventures currently hold ether worth about $3 million. The initial $4.9 million he took to participate in the NFT and $3 worth of royalties earned add up to $8 million.
Well, Trump is very close to becoming a crypto whale!
