Skip to content
TopicTracker
From HackerNewsView original
TranslationTranslation

Trump filing shows he took in $1.2B from crypto businesses last year

Former President Donald Trump's financial disclosure report shows he earned approximately $1.2 billion from cryptocurrency-related businesses last year, highlighting his growing involvement in the digital asset sector.

Background

- This is about Donald Trump's annual financial disclosure, a legal filing required for U.S. presidential candidates. The $1.2 billion figure mostly reflects the market value of his majority stake in Truth Social (Trump Media & Technology Group, ticker DJT), whose stock price surged on hype, not crypto revenue. The AP headline's phrasing is misleading. - Key crypto ventures: Trump's NFT trading card collections (paid in crypto), a licensing deal with a "DeFi" project called World Liberty Financial, and a small Bitcoin mining partnership. - Context: Trump has flipped from calling crypto a "scam" in 2021 to courting the industry for donations in 2024. The filing shows his personal finances now overlap with his policy stance on digital assets. - Also notable: over $500K in Bible sales and $300K from gold sneakers, showing the unusual mix of political and licensing revenue streams around him.

Related stories