Is Trump Really a Bitcoiner? Here’s the crypto it actually has

A new financial disclosure has revealed that Trump has millions of dollars invested in crypto, an industry that has become a clear target of his election campaign.

However, despite his many specific appeals to Bitcoin investors, there is no evidence that the former president holds any BTC, as opposed to smaller alternatives.

Trump’s Crypto Wallet

According to the 2024 disclosure published by Citizens for Ethics, the Republican candidate has between $1 million and $5 million in his “Cryptocurrency Wallet Ethereum Virtual Key” in a hardware wallet.

It also received more than $7.15 million in revenue from its licensing agreement with NFT INT, LLC, related to its digital trading card collections, so demand increased after the attack against his life in July.

The filings don’t directly reveal what cryptocurrencies Trump owns, but Arkham Intelligence’s on-chain analysis offers a glimpse into Trump’s wallet. According to the company’s analysis, Trump’s wallet has assets of $3.5 million, including 492 Ethereum ($1.28 million) and another 377 wrapped Ethereum ($977,000).

He also holds six-figure positions in obscure memecoins such as TROG ($372,000) and GUA ($345,000). Other holdings include $136,000 in stablecoin USDC and $135,000 in MAGAA, a Trump-inspired memecoin to which he is not affiliated. The price of the token increased by 15% on Friday.

It’s worth noting that Trump’s net worth is $7.5 billion, according to Forbes. This means that their reported crypto holdings are only 0.067% of their assets.

Where is the Bitcoin?

Previous filings from August 2023 showed Trump holding crypto, mostly in Ethereum, although the amount has increased significantly since then.

However, the wallet still shows no indication of ownership of Bitcoin or Wrapped Bitcoin. When Trump attended the 2024 Bitcoin Conference in July, he echoed the popular Bitcoin investor credo of “never sell your Bitcoin” and agreed to HODL the US government’s existing BTC holdings if re-elected .

He has also made repeated calls to the Bitcoin mining industry, calling for all remaining BTC to be mined in the United States. He has even predicted that Bitcoin’s market capitalization could one day surpass that of gold, and that the asset could be used to help eliminate the country’s $35 trillion in debt.

The 2022 revelations showed that Trump’s running mate, JD Vance, owns Bitcoin, owning between $100,000 and $250,000 in BTC at the time.

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