A new financial disclosure has revealed that Trump has millions of dollars invested in cryptocurrencies, an industry that has become a clear target of his election campaign.
However, despite his numerous specific appeals to bitcoin investors, there is no evidence that the former president owns btc, unlike smaller alternatives.
Trump's cryptocurrency portfolio
According to the 2024 disclosure published by Citizens for ethicsThe Republican candidate has between $1 and $5 million in his “ethereum-based cryptocurrency wallet,” in a hardware wallet.
He also received more than $7.15 million in revenue from his licensing agreement with nft INT, LLC, related to his digital trading card collections, which saw increased demand following the attempted murder of him in July.
The filings do not directly reveal what cryptocurrencies Trump owns, but Arkham Intelligence's on-chain analysis provides a glimpse into Trump's wallet. According to the firm analysisTrump's wallet contains $3.5 million in assets, including 492 ethereum ($1.28 million) and another 377 Wrapped ethereum ($977,000).
He also has six-figure positions in little-known memecoins such as TROG ($372,000) and GUA ($345,000). Other holdings include $136,000 in the stablecoin USDC and $135,000 in MAGAA, a Trump-inspired memecoin that he is not actually affiliated with. The token’s price rose 15% on Friday.
It's worth noting that Trump's net worth is $7.5 billion, according to Forbes. That means his reported cryptocurrency holdings represent just 0.067% of his assets.
Where is the bitcoin?
Previous filings in August 2023 showed Trump holding cryptocurrency, predominantly in ethereum, although the amount has increased significantly since then.
However, the wallet still shows no signs of ownership of bitcoin or Wrapped bitcoin. When Trump attended the bitcoin 2024 Conference in July, he echoed the popular bitcoin investor credo to “never sell your bitcoin” and agreed to HODL (hold in reserve) the US government’s existing btc holdings if he was re-elected.
He has also made repeated calls to the bitcoin mining industry, calling for all remaining btc to be mined in the United States. He has even predicted that bitcoin’s market cap could one day surpass that of gold, and that the asset could be used to help wipe out the country’s $35 trillion debt.
Revelations from 2022 showed that Trump’s running mate JD Vance is a bitcoin owner, holding between $100,000 and $250,000 worth of btc at the time.
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