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 <p class="is-style-lead">Freshly uncovered documents revealed that former President Donald Trump is capitalizing on the non-fungible token (NFT) surge, with Ethereum <a rel="noopener noreferrer nofollow" title="holdings" href="https://thebittimes.com/tag/holdings.html">holdings</a> potentially reaching up to $500,000.</p> 
 <p>Unveiled financial data <a rel="noopener noreferrer nofollow" title="reveals" href="https://thebittimes.com/tag/reveals.html">reveals</a> a substantial involvement in cryptocurrencies, intertwined with a thriving NFT venture.</p> 
 <p>Financial disclosures indicate Trump’s Ethereum wallet boasts a substantial balance ranging from $250,000 to $500,000. This venture into the realm of NFTs materialized post-presidency.</p> 
 <p>Notably, Trump enjoyed success with his limited edition $99 trading cards, portraying him in many scenarios — from hunting attire to superhero guise — early on. Both releases were swiftly sold out, amassing a staggering $8.9 million in total revenue, even though they were called out for using copyrighted images without permission.</p> 
 <p>Since then, the value of the NFTs has declined. See below for data from Coin Gecko. </p> 
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  <img decoding="async" width="1024" height="1024" src="https://cdn.thebittimes.com/images/2023/08/13/b854f5b7477c15858fc08608286594e9.webp" alt="Trump reveals crypto and NFT holdings - 1" class="wp-image-14185107"> 
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 <p>Trump reaped significant rewards through licensing fees. In collaboration with NFT INC LLC, his entity, CIC Digital, facilitated these transactions.</p> 
 <p>While Trump’s net worth, according to Forbes, is estimated at $2.5 billion. His NFT and cryptocurrency investments constitute a fraction of that wealth. Nevertheless, his bold entry into a domain rife with contention and controversy reflects his audacity.</p> 
 <p>Moreover, Trump’s ownership of Ethereum raises no legal concerns. Recognized by U.S. authorities as a valid cryptocurrency token, Ethereum does not breach regulations. Notably absent from the U.S. Security And Exchange Commission’s scrutiny list, Ethereum is exempt from recent lawsuits against major Bitcoin exchanges.</p> 
 <p>This unexpected foray into digital art and cryptocurrencies might surprise some, but it aligns with the business magnate’s propensity to seize lucrative prospects.</p> 
 <p>While a shift in Trump’s general cryptocurrency stance remains uncertain, he certainly capitalized on what many argue is a lucrative niche in the contemporary digital era.</p> 
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  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Robert F. Kennedy Jr. owns up to $250k in bitcoin, financial records show 
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Trump reveals crypto and NFT holdings

TheBitTimes

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