• Former US President Donald Trump reportedly holds over $2.8 million worth of digital assets.
• The assets were acquired from licensing fees associated with a non-fungible token (NFT) collection.
• Donald Trump’s crypto holdings are now on Arkham, and the current balance observed in the leading royalty fee wallet linked to the @CollectTrump NFT Project is close to $2.8 million.
Donald Trump’s Crypto Holdings
Recent financial statements claim that former US President Donald Trump holds more than $2.8 million worth of digital assets, accrued from licensing fees associated with a non-fungible token (NFT) collection. Arkham Intelligence, a blockchain analytics platform, confirmed Trump’s digital assets adding that he is the individual behind address “0x94845333028B1204Fbe14E1278Fd4Adde46B22ce” and his current balance observed in the leading royalty fee wallet is close to $2.8 million.
Official Donald Trump NFT Collection
Last year, Donald Trump released the “Official Donald Trump NFT Collection Sweepstakes” on Polygon, an Ethereum sidechain. The collection included 45,000 NFTs with pre-assigned rarities ranging from rare cards to limited editions produced in quantities of two, five or ten with exclusive rewards such as privileged Zoom calls or golf games at Mar-a-Lago for winners.
Trump’s Opposition To Cryptocurrencies
In 2019, the former president had tweeted his opposition towards Bitcoin and other cryptocurrencies which he said “seems like a scam” despite now holding millions of dollars‘ worth of crypto himself.
Georgia Court Indictment
The news comes shortly after Georgia court issued an indictment against him for allegedly participating in a conspiracy to undermine last year’s presidential election as reported on Aug 14th.
Conclusion
As former president of United States, it was surprising to see that Donald Trump holds over $ 2 million in cryptocurrency despite previously opposing cryptos such as Bitcoin due to its uncertain nature and alleged scams associated with them