Former US President Donald Trump has invested more than $2.8 million in cryptocurrency as of early August 2023, according to report non-profit United States Government Ethics and Accountability Watch (CREW) on August 14, writes RBC Crypto.
Trump also earned $4.87 million in licensing fees from his collection of non-fungible tokens (NTF), the document said.
Arkham Intelligence Company stated On August 16, on the social network X (formerly Twitter, blocked in the Russian Federation), she discovered a crypto wallet, which may be owned by Trump. The address was 0x94845333028B1204Fbe14E1278Fd4Adde46B22ce on the Ethereum blockchain with a total supply of $2.8 million in ETH. Trump also owns small amounts of stablecoins WETH, MATIC and USDC, the company said.
New documents show that Trump is investing more in cryptocurrency than anticipated. Earlier it was reported that the politician invested up to $500 thousand in cryptocurrency. The funds of the former US president are stored in an Ethereum wallet, which may be linked to the politician’s NTF collection, according to the media.
The politician released his first collection of non-fungible tokens in mid-December 2022. The tokenized cards depicted the life and career of Donald Trump. They were sold at a fixed price of $99.
Sales of the second series of digital cards with the image of the former US president started on April 18. The new collection included 47,000 NFTs – 2,000 more than the first issue, the cost remained the same.
Source: Cryptocurrency
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