Taking stock of Trump’s “cryptocurrency income”: NFT series raked in $7.15 million

Original author: shushu

Since Biden withdrew from the election, the US presidential election has shown a new round of public opinion. The Financial Times analyzed that Harriss current digital advertising expenditure has reached ten times that of Trump, mainly focusing on the publicity offensive of technology platforms; in addition, in the conversation between Trump and Musk on the evening of August 12, local time, Trump did not talk about anything related to cryptocurrency, which once discouraged the market. Currently, Polymarket predicts that Harriss chances of being elected are 10% higher than Trumps.

If we say that the most popular topic in the cryptocurrency field in 2024 is the issue of the US election, the related meme coins are flying everywhere, and every meeting of political bigwigs is not left behind, which has once again ignited the prediction market. At the center of this vortex is former US President Trump, who has gone from being a crypto-apathetic politician to a new presidential candidate who now supports Bitcoin. Cryptocurrency has become a new breakthrough point for Trumps campaign this year.

In June, Trump met with about a dozen Bitcoin mining executives and experts at Mar-a-Lago. According to CNBC, attendees described his opinions as curious and collaborative, and ordinary people need to buy Trump NFTs to be eligible to attend the dinner. Last month, Trump was also a heavyweight speaker at the Bitcoin Conference in Nashville, promising that if re-elected, he would make the United States the crypto capital of the earth and the Bitcoin superpower of the world.

Forbes estimates Trumps net worth at $4.5 billion. Last week, Trumps latest financial disclosure showed that he earned $7.15 million from NFTs, and he also has at least $1 million to $5 million in crypto assets. The following is how much money Trump has made using cryptocurrencies, according to BlockBeats statistics based on public addresses and information.

Political contributions: $5 million total

In May this year, Bloomberg reported that the crypto industry has donated $94 million to the 2024 US election, a record high, with most donations coming from political action committees (PACs). On May 21, Trumps US presidential campaign team announced that it would begin accepting cryptocurrency donations, becoming the first major US presidential candidate to accept cryptocurrency as campaign donations.

Currently, there are two fundraising committees that are accepting cryptocurrency donations for the Trump campaign: Trump National Committee JFC, Inc. and Trump 47 Committee.

Public donation address

According to Arkham ڈیٹا monitoring, Trump currently holds more than $3.4 million in crypto assets in his public addresses, down more than 80% from its high this year.

The addresss assets peaked at $18 million, mainly due to the surge in Trump-related meme coins.

Trump National Council

According to Trumps campaign website, 90% of the Trump National Committees contributions go to 2024 President Donald J. Trump (up to $3, 300), and the other 10% goes to the Republican National Committee (up to $413, 000).

Coinbase Commerce, Gemini, and Anedot are all processing on-chain donations to the Trump National Committee. Below are the cryptocurrency addresses that belong to the Trump National Committee donations.

Coinbase Address:

0XE7E1AE3800B9D32751BBB3C2D0CE030F829AEF77

Gemini Address:

18UI9MKKLG5AZTHLOKFZLXMBXUJ8KMFWDN

0X42E10319C944C5FB7FCD76BFFB0DD3C3DEB605D8

0X18C8314C9BD4A378E4D612873A1899378EDD671D

Anedot Address:

3EFBD4KDPCEK7HOBUKOXJR2TERJCKBMELK

So far, very few cryptocurrency donations have been made to the Trump campaign through new platforms such as Gemini and Anedot.

Trump 47 Committee

Trump 47 is a joint fundraising committee authorized by Trump for President 2024, Inc., Save America PAC, the Republican National Committee (RNC), and Republican federal accounts in more than 40 states.

The maximum contribution from an individual to the Trump 47 Committee is $844,600. Individual contributions are allocated according to the following formula:

First $3,300 deposited into Trump presidential primary account

The next $3,300 will go to Trumps presidential campaign account

The next $5,000 will go to Save America

The next $413,000 will go to the RNC

The rest is split among state Republicans

For example, on June 21, Gemini co-founders Cameron Winklevoss and Tyler Winklevoss donated approximately $1 million worth of Bitcoin (15.47 BTC) to the Trump campaign, which exceeded the maximum donation limit of $844,600 per person that the 47 committees could legally accept, so $310,800 was returned.

According to OpenSecrets, as of June 30, the top ten political action committees supporting Trump had raised approximately $255.9 million, but a large portion of that came from the traditional financial sector and U.S. dollar donations.

In the second quarter FEC disclosure documents submitted by the Trump campaign, individuals who donated to the Trump campaign through cryptocurrency include the Gemini brothers, Kraken co-founder Jesse Powell, Ripple Chief Legal Officer Stuart Alderoty, BitGo CEO Michael Belshe, and Messari CEO Ryan Selkis, with a total of nearly $2.9 million in donated crypto assets. According to breadcrumbs data, at least $1.8 million worth of BTC has been donated to the Trump campaign since BTC donations were accepted in May 2024.

At present, it is impossible to determine Trump’s total fundraising situation except based on on-chain evidence and FEC documents, but the campaign team will submit FEC documents in the future to show how much money they raised this quarter, and then they can calculate the proportion of crypto assets in the total donations.

“Trump Card” NFT series revenue: a total of US$7.15 million

According to Trumps financial disclosure, in addition to his declared holdings of Ethereum-based crypto assets worth between $1 million and $5 million, Trump has earned more than $7.15 million from three NFT series. In addition, Trumps wife has also earned more than $330,000 from the sale of digital trading cards or NFT fees. Trump said in July that he plans to release another NFT series.

In December 2022, Trump launched his first NFT series, Trump Digital Trading Cards, which was priced at $99 each and sold out in less than a day.

Trump Digital Trading Cards Historical Price Chart

In 2023, Trump released two new series of NFTs, Trump Digital Trading Cards Series 2 and Mugshot Edition, and introduced NFT benefits such as Trump dinners, signed souvenirs, etc.

Trump Digital Trading Cards Series 2 Historical Price Chart

Mugshot Edition Historical Price Chart

OpenSea data shows that in terms of total transaction volume, Trumps first two NFT series are more popular, with transaction volumes of 15,812 ETH and 22080 ETH respectively. Given that all sales are subject to a 10% royalty from creators, the first series of NFT projects has generated sales of $19 million since its launch, earning $1.425 million after deducting OpenSeas 2.5% fee.

It is unclear how much personal profit Trump has made from the NFTs, as neither the former president, the political action committee, nor his campaign were directly involved in designing or minting the NFTs, which were instead done by a company called NFT INC LLC.

Trump earned $4.9 million from his NFT licensing agreement with NFT INT LLC, the company behind the Trump series of NFTs, which has received millions of dollars in sales and royalties. NFT INT LLC states on its digital trading card website that it is an independent entity. NFT INT LLC is not owned, managed or controlled by the Trump Organization, Donald J. Trump. NFT INT LLC uses the name, likeness and image of Donald J. Trump under a paid license from CIC Digital LLC. According to the disclosure information released by CREW, Trump is listed as the manager, president, secretary and treasurer of CIC Digital LLC.

اصل لنک

This article is sourced from the internet: Taking stock of Trump’s “cryptocurrency income”: NFT series raked in $7.15 million

Related: Understanding Trump鈥檚 Crypto Supporters and Possible New Web3 Policies

As the 2024 US election approaches, there are signs that former President Donald Trump is likely to return to the White House. This potential political change will have a profound impact on many fields, and Web3 (the third generation of the Internet) is no exception. This article will explore in depth the impact that Trumps coming to power may have on the Web3 ecosystem, covering aspects such as policy, regulation, technological development, and market reaction. Web3 track generally supports Trump In previous appearances, Trump has repeatedly expressed his support for cryptocurrencies, which has also led to a surge in the Trump-concept MEME coin MAGA. The specific content has been sorted out by TrendX Research Institute in Buy Trump? Participate in the US Election with Web3 | TrendX Research Institute .…