Trump's First Year as President: Family's 'Crypto Money Printing Machine' Goes Wild
Donald Trump's family has significantly expanded its crypto ventures during his first year back in office, adding approximately $1.4 billion in crypto-related assets—now making up nearly 20% of their estimated $6.8 billion net worth. Key initiatives include:
- **World Liberty Financial**, a DeFi platform with governance token WLFI and USD1 stablecoin. USD1, backed by reserves, has grown to $3.2 billion in market cap, generating substantial interest income.
- **American Bitcoin Corp** (NASDAQ: ABTC), a mining venture co-operated with Hut 8, holding 5,427 BTC (worth ~$486 million) and producing ~9 BTC daily.
- **TRUMP and MELANIA tokens**, meme coins with significant initial allocations to Trump-affiliated entities. TRUMP’s current valuation still yields paper profits around $1.36 billion despite a >90% drop from its peak.
- **NFT collections** that have directly earned over $20 million from primary sales.
- **Trump Media & Technology Group** (NASDAQ: DJT), which holds 11,500 BTC (~$1.03 billion) and plans to airdrop a new digital token to shareholders. It has also filed for multiple crypto ETFs pending SEC approval.
These efforts reflect a strategic and profitable expansion into crypto, leveraging Trump’s political brand and market influence.
marsbit01/25 06:36