Donald Trump's Crypto Holdings Now Worth Up to $5M, as per Ethics Watchdog

As per the personal financial disclosure obtained by ethics watchdog Citizens for Ethics, the Republican presidential candidate has digital holdings worth around $1 million to $5 million.

Former U.S. President Donald Trump has declared digital assets valued at up to $5 million in his latest personal financial disclosure, according to a report by Axios on Friday, citing the disclosure obtained by ethics watchdog Citizens for Ethics.

The disclosure reveals that the Republican presidential candidate has around 500 $ETH (CRYPTO: ETH), an asset valued at roughly $1.29 million as of early Friday, based on data from blockchain analytics firm Arkham Intelligence.

Trump's digital wallet also contains various memecoins, including 10 million $MAGAA tokens and some 10 million $FIGHT tokens. The total value of his wallet as of Friday was around $3.6 million, according to the report.

The disclosure further shows that Trump made earnings of over $7,156,385 from his ventures into the nonfungible token (NFT) space. He launched a total of three NFT collections, including his trading cards NFT series.

Last year, a filing with the Office of Government Ethics revealed that Trump's crypto holdings within an Ethereum wallet were valued between $250,000 and $500,000. If the said wallet is the same as the one declared in his latest disclosure, it would indicate that the value of Trump's crypto holdings more than doubled in a year.

The news of the former president's crypto holdings comes as he continues to engage in the digital assets space. Just this month, Trump launched a new crypto-themed sneaker line. The High Tops ‘super limited’ Bitcoin edition of the sneakers sold out within hours.

As of now, the Low Tops $BTC version of the "Trump Crypto President" sneaker line has been marked on the website as being on "low stock." The High Tops black edition is still available for purchase.

Both Trump's sons, Donald Trump Jr. and Eric, have teased an upcoming "huge" project in decentralized finance, which they have since clarified is not a new memecoin.