Trump Holds $5.43M in Crypto as Portfolio Sees a Decline

Trump holds a cryptocurrency portfolio currently valued at $5.43 million as of the time this information was gathered. Despite recent market highs, this marks a significant decline from its peak valuation in June.

Trump Embraces Cryptocurrency in Office

Trump is set to become the first U.S. President to openly support cryptocurrency, signaling a stark shift from his previously critical stance. While serving in office, Trump will hold digital assets worth $5.43 million, with Ethereum (ETH) making up a substantial part of his portfolio.

According to Arkham Intelligence, Trump’s crypto assets include $1.7 million in Ethereum and $1.65 million in Wrapped Ethereum (WETH). Additionally, the president holds 579,289.81 TRUMP tokens, a political meme coin airdropped to him, valued at $1 million. Another key holding is 210.345 billion TROG tokens, currently worth around $403,860.

Although Trump’s portfolio retains significant value, it has dropped considerably from its June high of over $14 million. At that time, TRUMP tokens alone were valued at $9.89 million, according to a news. Ethereum’s price decline—from $3,813 in June to $3,475 as of the time the information was gathered—also contributed to the dip.

A Calculated Crypto Strategy

One reason the president has not sold his airdropped TRUMP or TROG tokens could be due to legal and tax considerations. Airdropped tokens pose challenges such as ambiguous ownership, reporting obligations, and potential tax liabilities. Selling these assets could trigger capital gains taxes or require compliance with complex campaign finance laws.
Trump’s team may also be considering the public perception of offloading politically branded tokens like TRUMP. Selling them could attract scrutiny or criticism. For now, holding these tokens appears to be a strategic decision, allowing Trump to manage legal and financial complexities while exploring compliant solutions.

Trump’s embrace of cryptocurrency represents a pivotal moment for the industry, with potential implications for regulation, adoption, and the political landscape moving forward.

Make money without lifting your fingers: Start using a world-class auto trading solution.

LonghornFX, your trusted Partner in CFDs, Cryptocurrencies and Stocks.