Key Takeaways
- Donald Trump’s crypto holdings have grown from $3.6 million to be valued at $9.4 million at press time, resulting in a 3x surge over the past 90 days.
- As per a report by Arkham Intelligence, the President-elect’s portfolio includes TROG ($3.7M), ETH ($1.7M), WETH ($1.6M), TRUMP ($1.7M), GUA ($740,480), USDC ($138,650), CZAR ($69,410), and TUA ($55), among coins.
- The portfolio contains a healthy mix of meme coins, stablecoins, and leading cryptocurrencies that provide long-term stability, growth, and short-term gains. Surprisingly, Trump does not hold Bitcoin, despite heavily endorsing the crypto.
- The current valuation of the 47th President’s crypto holdings is well below its peak of $31 million, recorded in June 2024.
In a surprising turn of events, President-elect Donald Trump has become the crypto industry’s biggest voice after making a sharp U-turn in his approach toward digital assets. His support for the sector during the campaign was one of the main factors that swung the election in his favor.
In the summer, the former President and billionaire entrepreneur promised to enact friendlier policies and fire Gary Gensler, chairman of the US Securities and Exchange Commission (SEC). Since the election, Trump has appointed key figures to the role of Treasury and Commerce secretaries who are vocal advocates of Bitcoin and blockchain technology. The President-elect wants to embrace Bitcoin mining, demanding that all the remaining BTC be mined in the country.
Trump’s victory ignited a much-needed resurgence for the market as Bitcoin recorded multiple all-time highs since November 5, election day, and is closer to the coveted $100,000 mark than ever before.
Trump’s Crypto Holdings Grew 3x Since August
Aside from these factors, the confidence of crypto investors was boosted after it was revealed that his crypto portfolio has grown 3x since August, making him millions of dollars in profits. In September, Trump personally endorsed World Liberty Financial, an Ethereum-based decentralized finance (DeFi) protocol aiming to provide financial services to the unbanked.
The project is reportedly working with Paxos to develop and deploy a USD-pegged stablecoin and recently received $30 million in investment from Justin Sun, the founder of the Tron (TXR) blockchain.
According to a report by crypto analytics firm Arkham Intelligence, in August, Trump invested in six primary cryptocurrencies and several meme coins, bringing his total holdings to a valuation of $3.6 million. However, after the post-election rally, the same portfolio has grown to $9.4 million, showcasing an impressive surge in the worth of his holdings.
The 47th President continues to hold most of his initial tokens, but their quantity has changed. He has also bought new tokens, which boosted the portfolio’s worth. Trump holds $3.7 million in TROG, $1.7 million in ETH, $1.6 million in WETH, $1.7 million in TRUMP, $740,480 in GUA, $138,650 in USDC, $69,410 in CZAR, and $55 in TUA, among others.
Trump Does Not Hold Bitcoin Despite Heavily Endorsing The Asset
To the surprise of everyone, despite the hundreds of cryptocurrencies he holds, the former President still does not have any Bitcoin (BTC), even after mentioning the apex cryptocurrency by name multiple times during his campaign speeches. This is amid BTC hitting its prime following an endorsement and his subsequent victory in the election propelling its price to a peak of $99,600 just three days ago.
The price of TROG has surged 1,060% in the last 24 hours, while ETH and Wrapped Ether (WETH) are up by 40% over the past 30 days. This explains why Trump’s portfolio is so high up. The same applies to the rest of his holdings, of which almost all of them have gained with a few exceptions.
His portfolio is also packed with some of the most trending meme coins, including PEPE, CAT, and many Trump-themed coins that are in high demand. It contains a healthy mix of meme coins that can provide short-term gains and leading cryptos like Ethereum and BNB that provide stability and higher profits in the long run. The significant amounts of USDC and USDT stablecoins are able to maintain their value regardless of market volatility as they are pegged to the dollar.
Donald Trump’s reversal on crypto, from proposing a ban to promising to make America the global leader in the sector, has been the biggest catalyst for the market’s rally this year, where almost every cryptocurrency has enjoyed a peak price performance. The soon-to-be President of the United States was also among the cunning investors who have taken advantage of the rally, as his portfolio grew from a valuation of $3.5 million to around $10 million.
However, the current worth of his holdings is measly compared to numbers from June, when his portfolio was worth more than $31 million.
