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Donald Trump Crypto Holdings Now Make Up 8% of His Net Worth
According to a recent Bloomberg report, it has been revealed that Donald Trump’s crypto holdings now make up approximately 8% of his net worth. This shocking revelation comes amid growing speculation that the former president’s pro-crypto stance may not be just political, but also personal.
As reported, Trump’s total net worth is estimated at $6.4 billion, which is largely comprised of real estate assets, his stake in Trump Media & Technology Group (Truth Social), and now a rapidly growing share of crypto holdings.
The centerpiece of Donald Trump’s crypto wealth is the project World Liberty Financial (WLFI). This endeavor has managed to raise over $550 million from token sales, with a staggering $390 million going directly to the Trump family. Additionally, Trump and his family own 22.5 billion WLFI tokens, valued at approximately $2 billion. However, due to the non-transferable nature of these tokens, this amount is not included in his official net worth.
Furthermore, it has been reported that Trump’s crypto holdings also include USD1 Stablecoin and TRUMP Memecoin, further diversifying his portfolio. The USD1 Stablecoin boasts a market capitalization of over $2.2 billion, with an annual earnings from reserves of $100 million. The TRUMP Memecoin, on the other hand, has a market capitalization of approximately $1.79 billion and a 24-hour trading volume of $269 million.
The news also highlights Trump’s new venture into the crypto mining sector. As reported, he holds a 20% stake in American Bitcoin, a U.S.-based crypto mining firm that recently merged with Gryphon Digital Mining and is now valued at over $3 billion. This move further solidifies his position within the industry.
As the next election cycle heats up, Trump’s net worth and growing crypto empire are likely to remain under scrutiny.
Source: coinpedia.org
