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Home CRYPTO

The Truth Behind Donald Trump’s $5.4 Million Crypto Portfolio

by Sham
November 25, 2024
in CRYPTO, FEATURED, FINANCE
Reading Time: 2 mins read
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  • Donald Trump’s cryptocurrency portfolio is valued at $5.43 million as of November 25, 2024, including significant holdings in Ethereum and meme coins like TRUMP tokens and TROG tokens.
  • Trump’s portfolio was worth over $14 million in June 2024, with his TRUMP tokens alone valued at around $989 million at that time.
  • Trump has not sold his airdropped TRUMP or TROG tokens, possibly due to legal, tax, or optics-related factors surrounding the offloading of politically themed tokens.

President-elect Donald Trump‘s cryptocurrency portfolio has grown to be worth $5.43 million as of Monday. This represents a noticeable decline from its peak value of over $14 million in June. Trump is set to become the first U.S. president to openly support cryptocurrency.

Trump’s Current Crypto Holdings

Trump currently holds around $5.43 million in cryptocurrency assets. His portfolio includes:

  • $17 million in Ether (ETH)
  • $1.65 million in wrapped Ether (WETH)
  • $1 million in TRUMP tokens
  • $403,860 in TROG tokens

Much of the value is tied to Ethereum. The price of ETH has dropped from $3,813 on June 1 to $3,475 on November 25.

Why Trump Hasn’t Sold

One reason Trump may not have sold the airdropped TRUMP and TROG tokens is due to legal and tax complexities. Selling them could trigger capital gains taxes or require disclosures under campaign finance laws. Holding these politically-themed tokens for now likely helps Trump navigate uncertainties until compliant selling strategies can be assessed.

Conclusion

While Trump’s cryptocurrency portfolio has declined from its peak, he still holds assets worth millions. His presidency marks a historic shift, as he will be the first U.S. president to take office while owning cryptocurrency.

Tags: Donald TrumpEtherethereumTROG tokensTRUMP tokens
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