President Donald Trump has invested a significant portion of the earnings from his family's cryptocurrency ventures into traditional financial assets such as stocks and bonds.
On July 13, Reuters analyzed recent financial disclosures from Trump, revealing that he earned over $1.4 billion (approximately 2.9 trillion won) from cryptocurrency businesses, including World Liberty Financial and Trump Meme Coin, in the past two years.
As cryptocurrency profits have increased, Trump's holdings in stocks and bonds have reportedly quadrupled. By the end of 2024, his stock and bond holdings, previously valued between $225 million and $680 million, surged to between $730 million and $2.6 billion by the end of last year.
Nine digital asset experts who reviewed Reuters' analysis believe that Trump does not view cryptocurrency as a primary asset class. Timothy Massad, head of the Digital Asset Policy Project at Harvard University, stated, "While President Trump has claimed he wants to make the U.S. the global capital of cryptocurrency, it appears he has personally profited from meme coins and World Liberty token sales and subsequently invested those earnings into traditional assets like stocks and bonds."
Individual investors who backed Trump's cryptocurrency ventures have experienced mixed results. Reuters reported last month that investors in four major cryptocurrency projects sponsored by Trump incurred estimated losses of $2.3 billion by April.
However, Trump has not completely divested from his cryptocurrency holdings. As of the end of last year, he retained 15.75 billion governance tokens from World Liberty Financial, with a reported value exceeding $50 million.
Companies managing Trump's stakes in World Liberty Financial and Meme Coin held at least $160 million worth of Bitcoin and Ethereum by the end of last year. The value of other cryptocurrencies held by these companies reached up to $6 million, significantly higher than Trump's reported Ethereum holdings of $1 million to $5 million at the end of 2024.
A spokesperson for the Trump Group stated that the financial disclosures demonstrate a solid financial position based on valuable assets, ample liquidity, and a conservative financial structure. However, they did not comment on the reasons for investing cryptocurrency earnings into stocks and bonds.
* This article has been translated by AI.
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