Trump’s Crypto Holdings Revealed: $3 Million in Assets and Millions from NFTs
Bitcoin continues to trade below $60,000 following Wednesday’s CPI report, with analysts predicting that its price will likely remain rangebound until the election. Meanwhile, recent campaign filings reveal that former President Trump holds over $3 million in various cryptocurrencies and has earned millions from his line of non-fungible tokens (NFTs).
An August 15 filing with the United States Office of Government Ethics, obtained by Citizens for Ethics, lists Trump’s assets and income, including $1 million to $5 million in an Ethereum wallet. Although the filing does not provide exact figures, research firm Arkham Intelligence estimates that the wallet contains $3.6 million in cryptocurrencies. According to Arkham, Trump’s wallet holds 492.5 Ethereum, worth approximately $1.29 million, 377.465 Wrapped Ethereum tokens valued at $989,500, and about $136,290 in the stablecoin USDC.
Trump also owns several Trump-themed cryptocurrencies, such as MAGA Again (MAGAA), Fight to MAGA (FIGHT), MAGA VP (MVP), MAGA Hat (MAGA), and BabyTrump. The largest holding among these is $132,760 in MAGAA, with the remainder of the Trump-themed coins each valued at less than $50,000. Additionally, the wallet includes various meme-coins trading close to $0, and significant holdings in alt-coins Trog (TROG) and Gua (GUA), worth approximately $370,210 and $339,420, respectively.
The Trump Organization is planning a new cryptocurrency initiative, Eric Trump announced to the New York Post.
Trump has also earned $7.15 million from a licensing deal with NFT INT. His Trump Digital Trading Cards, launched in December 2022, have generated a trading volume of 15,808 Ethereum, according to OpenSea data. However, the NFTs were pulled from OpenSea in March and are non-transferable until December 31, 2024. Trump hinted at a fourth NFT collection in an interview with Bloomberg.
Former First Lady Melania Trump also received $330,607 from a licensing agreement for NFTs. Her assets and income filings include MKT World LLC, a Florida-based company involved in NFT sales and speaking engagements, though no specific value or income was listed for MKT World.
Bitcoin Rangebound and Trump Win Impact
Analysts generally expect Bitcoin to trade between $50,000 and $70,000 through November, barring significant developments. Trump’s victory could potentially boost Bitcoin’s price. Alex Thorn, head of research at Galaxy Digital Holdings, predicts Bitcoin will remain in this range, influenced by macroeconomic conditions, election updates, and bankruptcy settlements from crypto exchanges like FTX and Mt. Gox.
Market Rebellion co-founder Jon Najarian suggests that Bitcoin could reach around $85,000 by year-end if Trump wins the election. Likewise, David Gokhshtein, founder of Gokhshtein Media, estimates that bitcoin could rise between $80,000 and $85,000 in this event, with a lower bound of the range at $70,000.
Vice President Kamala Harris has recently started defining her policy platform, but specific cryptocurrency policies are still unclear. In contrast, Trump and his running mate J.D. Vance are viewed as more crypto-friendly. Trump has previously expressed a desire for increased U.S. Bitcoin mining, though experts note that complete nationalization of Bitcoin is unfeasible due to its decentralized nature.
