Former President Donald Trump Rakes in $7.6 Million From Cryptocurrency-Related Ventures

Financial Filings Expose Trump's Cryptocurrency Holdings

A recent disclosure of financial records indicates that previous American President Donald Trump is in possession of over $2.8 million stashed in an Ethereum wallet.

Nonprofit watchdog agency, Citizens for Responsibility and Ethics in Washington, released these financial documents on the 14th of August. These records suggest Trump garnered over $4.8 million through licensing fees linked to nonfungible token (NFT) compilations that used his likeness. Consequently, Trump’s total earnings from his cryptocurrency investments are estimated to be around $7.6 million.

The amount shown in Trump's Ethereum wallet significantly exceeds the previously reported figure of $250,000 to $500,000 disclosed in a filing back in April.

Donald Trump Prepping for a Political Comeback

Following his 2020 defeat to now-incumbent President Joe Biden, Trump is planning his political resurgence in the fast-approaching 2024 presidential race.

Trump Faces Legal Challenges Amidst Latest Financial News

However, the unveiling of Trump's recent financial report is eclipsed by his indictment in Georgia that took place the same day. The charges indicate he and his followers allegedly conspired to manipulate the 2020 presidential elections.

In a contrast to this recent news, the billionaire property magnate has previously expressed doubts about the legitimacy and stability of cryptocurrency, even going as far as to label them as potentially fraudulent and a catastrophe in waiting.

Particularly, Trump has showcased his distaste for Bitcoin (BTC), citing it appears deceitful and flagging it for being a rival to the dollar.