Former President Donald Trump seems to have embraced Ethereum (ETH/USD) in a big way, with financial disclosures for 2023 indicating that he holds up a several million dollars worth of ETH.
This latest revelation puts him in the company of so-called Ethereum whales – the large-scale holders whose buying and selling decisions can affect the price of ETH drastically.
According to the CREW’s paperwork, Trump had pockets of up to $5 million in ETH and earned $2.8 million from these holdings. And he is reported to have earned an extra $4.8 million from NFT-related licensing fees. All in all, his engagement with the space resulted in him making $7.6 million in profits from cryptocurrency-related deeds.
Believe it or not, this figure is a big jump from the $500,000 in ETH reported last week.
Trump, however, has been far from optimistic on the broader crypto space. In several televised interviews, he has stated that the “volatile” digital assets “are not real money” and their prices were more or less “based on thin air”.
That being said, Trump’s role in the crypto industry comes through CIC Digital LLC, a firm thoroughly described on the NFT INT LLC site as being “not owned, managed or controlled by Donald J. Trump, The Trump Organization.”
At the time of writing, the ETH token traded at $1,829 USD after dropping 0,29% in the course of the last 24 hours. It will be interesting to see where the assets go from here and how Trump’s wallet will fare in the long term.
Those interested in hearing more about the cryptocurrency market may want to get their tickets for the “Future of Digital Assets” event taking place in New York in November, 2023 – with early bird discount tickets up to be grabbed at the moment.
