Former U.S. President Donald Trump has disclosed holdings of more than $1 million in cryptocurrency, marking a notable addition to his financial portfolio. In the same disclosure, Trump also reported earning $300,000 from the sale of branded Bibles, offering a glimpse into the diverse streams of his income.
The disclosure, made public on Thursday, revealed that Trump possesses a cryptocurrency wallet as well as a “virtual Ethereum key,” signifying his significant investment in digital assets. CNBC reported that Trump’s cryptocurrency holdings are estimated to fall between $1 million and $5 million, marking a stark departure from his earlier skepticism of digital currencies, which he once labeled a “scam.”
Alongside his cryptocurrency investments, Trump has earned substantial profits from the sale of “The Greenwood Bible,” which features a handwritten excerpt from Lee Greenwood’s song “God Bless the U.S.A.” Priced at $59.99, the Bible’s signed version commands a much higher price of $1,000, contributing to Trump’s $300,000 in sales.
The former president’s evolving stance on cryptocurrency is noteworthy. While previously critical of the asset class, Trump has softened his tone, emphasizing the importance of U.S. participation in the cryptocurrency space, particularly to counter China’s growing influence. His engagement with the digital currency world has been further cemented by the creation of a “crypto army,” a movement within his campaign that actively courts crypto enthusiasts, especially younger voters.
In addition to his cryptocurrency and Bible-related earnings, Trump has seen an increase in the valuation of his social media company, Truth Social. Last year, Trump estimated the company’s worth at between $5 million and $25 million, but in his latest filing, he values it at over $50 million, reflecting steady growth.
The report also highlighted Trump’s expanding business interests in China, where his registered trademarks have surged from just two last year to over 100 in the most recent filing.
Under federal law, candidates and officeholders are required to submit annual financial disclosures, providing transparency about their wealth, investments, and earnings. Trump’s latest disclosure continues to shed light on the former president’s growing engagement with cryptocurrency and other revenue-generating ventures.
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