• Donald Trump holds between $250,000 to $500,000 in digital assets.
• The assets are likely tied to his previous non-fungible tokens (NFTs).
• His trading card series both netted $8.9 million in sales and earned him approximately $298,000 in license fees.
Donald Trump Holds Digital Assets
Former US President Donald Trump holds between $250,000 to $500,000 in digital assets according to a financial filing that was submitted to the Office of Government Ethics (OGE). This item caught the eye of crypto enthusiasts as it was described as a “Cryptocurrency Wallet (Ethereum)”.
Non-Fungible Tokens
The assets are likely tied to his previous non-fungible tokens (NFTs) which he released last year and made a subsequent rollout in April. In December 2022, he released trading cards that portrayed him as an astronaut, a cowboy, and a superhero for $99 each with sales kicking off amid his first indictment. Sales were largely successful with cards reportedly selling out within hours.
Trump’s Trading Card Series
In April, he rolled out another successful 47,000 trading cards which sold out within six hours for $4.7 million. According to reports, Trump’s trading card series both netted $8.9 million in sales and earned him approximately $298,000 in license fees making up a significant part of his digital asset holdings. Melania Trump the former first lady also tested NFTs by creating digital art from popular NASA Apollo moon images which sold for $75 apiece.
Republican Crypto Battle
Donald Trump alongside other top Republicans declared a bid to the White House in 2024 with digital assets being an issue amid the Biden administration’s harsh crypto proposals. While candidates like Florida Governor Ron DeSantis has always been a supporter of Bitcoin (BTC), critics have raised concerns over previous “distasteful” statements about cryptocurrencies made by President Trump himself .
Conclusion
Digital assets have become increasingly popular among politicians such as Donald Trump and Melania Trump who have taken advantage of their popularity by rolling out several successful NFT series earning them millions of dollars worth of profits from sales alone . The upcoming Republican presidential race may very well be decided on the stance taken towards cryptocurrency regulation by candidates like Donald trump who will need to prove their mettle when it comes to tech savvy decision making ability .