Donald Trump owns much more in cryptocurrency than was first publicly known, fresh disclosures show.
He also earned $4.87 million in licensing fees from his non-fungible token collection, per the filing.
The news also comes at a time when cryptocurrencies are increasingly part of the political agenda in the U.S. as candidates are gearing up for the presidential election due in 2024. Democratic hopeful Robert F. Kennedy Jr., who confirmed owning bitcoin (BTC), said he would back the U.S. dollar with BTC and exempt the token from capital gains taxes if elected. Robert DeSantis, Florida governor and a Republican candidate trailing Trump in early polls, promised to ban central bank digital currencies (CBDCs) as president.
Is this Trump’s wallet?
Following the fresh disclosures, blockchain research firm Arkham Intelligence said it found what appears to be Trump’s crypto wallet.
Crypto address holdings and transactions are publicly accessible thanks to the transparency of blockchains, allowing to track movements in real-time.
CoinDesk reached out to Trump’s office for comment on his digital asset holdings and did not immediately receive a response.