Donald Trump's Wealth Surges To $3B, Value Of Crypto Holdings Rises Thanks To Bitcoin's $35K Rally

Former President Donald Trump’s cryptocurrency wallet holdings have seen a substantial surge of over $15,000 in the past 24 hours, all thanks to the recent rally in Bitcoin’s BTC/USD price, which soared to $35,000.

What Happened: This comes as Trump's fortune is valued at $3.1 billion, up from $2.6 billion in 2021, according to the Bloomberg Billionaires Index.

This increase in net worth is surprising considering the ongoing civil fraud lawsuit brought by New York Attorney General Letitia James, accusing Trump of inflating his wealth by billions of dollars over a decade.

Amid the legal proceedings, Trump’s businesses in the real estate market have shown resilience. His relocation to Florida after leaving the White House coincided with a boom in the state, which has positively impacted the finances of two of his well-known properties, Mar-a-Lago in Palm Beach and the Doral resort in Miami. Furthermore, revenues at his other golf courses have surged more than 50% since 2019. 

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Breakdown of Trump’s Cryptocurrency Holdings: Regarding Trump’s cryptocurrency holdings, his Financial Statement from August 14, 2023 states a balance of $2.8 million. 

Data from Arkham Intelligence, a data intelligence firm, indicates that the value of these holdings has increased to $3 million in the last 24 hours. The different cryptocurrencies in Trump’s portfolio and their respective values are as follows:

1. ETH ETH/USD: Trump holds 1.555K ETH, valued at $2.94 million, with each ETH priced at $1,891.22.

2. WETH: Trump possesses 35.479 WETH, worth $67.06 thousand, at a price of $1,890.02 per WETH.

3. TRUMP: Trump’s wallet contains 579.281K TRUMP tokens, valued at $62.64 thousand, with each TRUMP token priced at $0.11.

4. MATIC MATIC/USD: He holds 4.229K MATIC tokens, worth $3.21 thousand, with each MATIC token priced at $0.76.

5. DUBBZ: Trump’s holdings include 69 DUBBZ tokens, valued at $259.44, with each DUBBZ token priced at $3.76.

Please note that these cryptocurrency holdings are subject to market fluctuations, and their values can change rapidly.

Image Via Shutterstock

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