How much Bitcoin does Donald Trump actually hold? | Credit: Chip Somodevilla / Getty Images.
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Key Takeaways
Donald Trump’s crypto portfolio comprises multiple Ethereum and Ethereum-based tokens.
The Arkham-tagged wallet currently holds nearly $6 million in crypto, down from $25 million in June.
Trump has tuned into big-time crypto advocates this election season and has a portfolio to back his claims.
Former President Donald Trump’s crypto portfolio is now $5.8 million strong, but despite holding multiple altcoins and stablecoins, the Republican Presidential nominee’s portfolio is missing one significant crypto asset – Bitcoin (BTC).
Trump first revealed his crypto portfolio in a campaign filing on Aug. 15. However, it was last updated in February and didn’t contain exact details of the tokens he held. Now Arkham, a crypto on-chain analytics firm, has tagged the Trump crypto wallet to offer detailed insight into Trump’s crypto holdings.
Trump’s Portfolio Dominated by Ethereum Tokens
According to data from Arkham Research, Trump’s crypto wallets currently hold $5.8 million worth of crypto assets. It’s worth noting that the crypto wallet balance peaked in June at $25 million and has since seen a sharp decline of over $20 million in three months.
Trump’s crypto portfolio is dominated by Ether (ETH), with over 493 ETH worth $1.30 million, followed by an almost equal amount of wrapped Ether (WETH) worth $1.28 million.
Trump also holds a significant chunk of memecoins, with 1.38 billion GUA tokens worth $1.22 million, followed by his namesake token, TRUMP, worth $1.01 million, TROG tokens worth $502,000, FIGHT tokens worth $64,000, and CONAN tokens worth $61,000. Trump’s portfolio also holds $137,000 worth of USDC stablecoins.
Trump’s GUA token holding appreciated in value in September, rising from $$175.9 thousand to $1.38 million.
Source: Arkham
Most of the tokens in Trump’s portfolio are either Ethereum or Ethereum-based. While Trump continues to advocate for Bitcoin, his portfolio shows he does not hold any. It is also important to note that Trump might have multiple wallets that Arkham may not have tagged.
Arkahm data indicates that Trump’s wallet is public, and he often receives donations from his supporters. The data also shows that the wallet deposited over $3 million of crypto assets since December 2023.
Trump’s Crypto Portfolio Declined by $20M; the Reason—TRUMP!
Trump’s portfolio jumped to $25 million in June, primarily due to increased Ethereum and Ethereum-based meme token prices. Ether price was trading above $3,800 in June 2024, while a significant chunk of Trump’s memecoin holdings also surged to new highs. Trump’s MAGA token was trading above $13, contributing to most of Trump’s portfolio surge.
Source: Arkham
The price decline since June resulted in a net loss of nearly $20 million to Trump’s portfolio. However, it is essential to note that memecoins typically have no inherent value, and social media and celebrity endorsements often influence price movements.
This is why, this bull season, many unknown memecoins have surged 1,000% in days and 30,000% in weeks. However, the downfall in the price of these meme tokens is as magnificent as their rise. These tokens often lose a significant chunk of their gains within days and even hours.
Trump’s Political U-turn on Crypto
Trump has become one of the most avid crypto proponents this election season. He has made tall promises to the crypto community, claiming that if elected president, he will make the U.S. a Bitcoin hub.
Trump’s current crypto savior persona contrasts with his views from when he was president when he deemed crypto a scam. While it’s unclear what changed Trump’s views on crypto, many believe his first non-fungible token (NFT), which raked millions, made him a crypto fan.
Prashant Jha is a seasoned crypto journalist based in Delhi, India, with a Bachelor’s Degree in Computer Science Engineering. Passionate about the evolving world of blockchain and cryptocurrencies, he has been a dedicated voice in the industry since 2018. Prashant’s expertise lies in regulatory reporting, where he unravels complex legal and financial developments with clarity and precision. Before joining CCN in 2024, he honed his craft at Cointelegraph, establishing himself as a trusted name in crypto journalism.
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