In a notable financial revelation, the former President of the United States, Donald Trump, has emerged as the holder of an Ethereum wallet brimming with more than $2.8 million in digital assets.
This newly disclosed figure stands in stark contrast to earlier financial records, which had indicated Trump’s Ethereum holdings to be within the range of $250,000 to $500,000.
The disclosure, unveiled on August 14 by Citizens for Responsibility and Ethics in Washington, a prominent nonprofit watchdog, sheds light on Trump’s substantial earnings derived from licensing fees linked to nonfungible token (NFT) collections that prominently feature his persona. The NFT-related endeavors have yielded a noteworthy $4.8 million for Trump, significantly contributing to his cumulative crypto-derived income of approximately $7.6 million.
The augmented value of Trump’s Ethereum wallet, now exceeding $2.8 million, represents a significant enhancement compared to the initial estimate of $250,000 to $500,000, which was publicly disclosed in Trump’s financial filing on April 14.
Notably, these financial developments unfold against the backdrop of Trump’s strategic endeavors to reenter the political arena by contesting the upcoming 2024 presidential election, vying for a return to the White House after his electoral defeat to the present President, Joe Biden, in 2020.