Ethereum: Donald Trump Holds Up To $500k ETH

Paigambar Mohan Raj
Source: Vanity Fair

According to a recently released filing, former U.S. President and 2024 Republican frontrunner Donald Trump holds between $250,000 and $500,000 in Ethereum (ETH). The revelation comes as a surprise to many, as the former president has previously expressed his disdain for digital assets.

The crypto wallet in question is most likely connected to Trump’s NFT (non-fungible token) collection, which was launched in December 2022. The limited collection has a total of 44,000 Trump-themed trading cards. The entire collection sold out in just one day, netting over $8.9 million in sales. The former president earned about $298,000 in licensing fees. Moreover, the earnings were collected in the same wallet that received the licensing fees.

Also Read: Donald Trump’s Bitcoin Rejection Followed 155% Profit Opportunity

Donald Trump’s Ethereum holdings are surprising, given that the former U.S. President has previously said that he is “not a big fan of Bitcoin and other cryptocurrencies.” However, given that the ETH has come from his NFT collection sales, it might not reflect any change in his views about crypto in general. Nonetheless, a former president holding Ethereum (ETH) is still a positive development for the industry.

With Donald Trump’s Ethereum holdings, are U.S. Presidential candidates all pro-crypto?

Source: Britannica

The U.S. Presidential election is just around the corner. On the Republican front, Francis Suarez, the mayor of Miami, and entrepreneur Vivek Ramaswamy have both been very vocal about their support for crypto. Ron Desantis, the Florida governor, has vowed to end the Biden administration’s “war on Bitcoin” if elected.

On the democratic front, candidate Robert F. Kennedy Jr. has been very open about his support for cryptocurrencies. He has revealed that he and his family own about 14 Bitcoins (BTC), which are currently worth about $411,432, similar to Donald Trump’s Ethereum value.

Also Read: X Fined $350,000 For Not Allowing Access to Trump Records

Therefore, it seems that both Democrats and Republicans have crypto on their agendas for the 2025 Presidential elections, which is no surprise considering that Americans are the largest investors in crypto, by number, in the world.