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BlockNews
Home CRYPTO

Donald Trump Crypto Campaign Donations Eclipse $4 Million

Michael Juanico by Michael Juanico
July 25, 2024
in CRYPTO
Reading Time: 3 mins read
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  • Donald Trump has raised over $4 million in Bitcoin and other cryptocurrency campaign donations for his reelection campaign.
  • 19 donors have given more than $2.15 million in Bitcoin to the Trump ’47 fundraising committee between April 1st and June 30th, 2024.
  • Trump is set to speak at the Bitcoin Conference 2024 in Nashville, where roundtable seats on the day of his speech feature ticket prices as high as $844,600, with the proceeds going to his campaign.

Recent filings show that Donald Trump has raised more than $4 million in Bitcoin and other cryptocurrency donations for his 2024 reelection campaign. This influx of crypto support signals Trump’s growing connection with the digital asset community.

JUST IN: 🇺🇸 Donald Trump has raised over $4 million in #Bitcoin and crypto campaign donations pic.twitter.com/U9LhRorMhV

— BlockNews.com (@blocknewsdotcom) July 25, 2024

Trump’s Crypto Backers

Cryptocurrencies have become a divisive political issue in the 2024 election. Trump’s advocacy for Bitcoin and blockchain technology has resulted in over $4 million worth of campaign contributions, according to a CNBC report.

Filings reveal that 19 donors gave more than $2.15 million in BTC to Trump’s fundraising committee from April 1st to June 30th. In total, the committee raised over $118 million in that period. Furthermore, 12 of the Bitcoin donors hail from key 2024 battleground states.

High-Profile Crypto Donors

Earlier this month, Tyler and Cameron Winklevoss of Gemini announced over $1 million in contributions to Trump. Their donation exceeded the $844,600 maximum limit, with the excess being refunded.

The Winklevoss twins join other prominent crypto figures backing Trump’s reelection bid. This support highlights the growing connection between the digital asset community and the 45th president.

Trump’s Bitcoin Conference Appearance

Trump is set to speak at the 2024 Bitcoin Conference in Nashville this week. Ticket sales for a roundtable discussion with Trump are priced as high as $844,600. These proceeds will also go to Trump’s fundraising committee.

The former president’s appearance at the conference is attracting intense interest from the crypto community. Many are anxiously awaiting what Trump could reveal about digital assets during his talk in Tennessee.

Conclusion

Trump’s advocacy for Bitcoin and blockchain technology has resulted in an outpouring of financial support from the crypto community. With over $4 million in Bitcoin donations, digital assets are likely to play a major role in Trump’s 2024 reelection campaign. His upcoming appearance at the Bitcoin Conference will shed more light on the growing connection between Trump and crypto supporters.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: BitcoinBlockchain TechnologycryptocryptocurrencyDonald Trump
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Michael Juanico

Michael Juanico

Michael is a BSBA Management graduate from Mindanao State University and has been a professional content writer since 2019. He began exploring cryptocurrency in 2021 and has since made blockchain and digital assets his primary focus. For nearly four years, Michael has contributed research and editorial content at Aiur Labs and BlockNews, producing clear and accessible coverage of market trends, trading strategies, and project developments. He is transparent about his personal holdings in Bitcoin, TRON, and select meme tokens, combining writing expertise with hands-on market experience to deliver trustworthy insights to readers.

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