Trump family’s crypto ventures worth $620m: report

According to the Bloomberg Billionaires Index, cryptocurrency ventures account for an estimated US$620 million of the Trump family’s US$6.4 billion net worth.

This is the first public estimate of the family’s various crypto projects, which include memecoins, NFTs, and Bitcoin mining operations.

The Trump family reportedly earned US$390 million from the token sale of World Liberty and an additional US$150 million from the launch of the Official Trump memecoin in January.

The memecoin is currently trading at US$8.72 per token, with trading volumes of US$178.3 million over the past 24 hours.

Its market cap peaked at US$9 billion shortly after launch but has since declined to US$1.7 billion.

In addition to token sales, the family holds a 20% stake in the Bitcoin mining firm American Bitcoin. This firm plans to go public through a merger with Gryphon Digital Mining.

Trump’s involvement in cryptocurrency began in 2022 with the launch of his first NFT collection. This collection consists of 45,000 digital collectibles priced at US$99 each.

🔗 Source: The Block

🧠 Food for thought

1️⃣ The evolution of Trump’s crypto stance reflects a broader institutional shift

Trump’s transition from crypto skeptic to crypto entrepreneur mirrors the evolution seen across traditional finance and politics.

In the past, Trump publicly dismissed Bitcoin and cryptocurrencies, yet his family has now generated $620 million from various crypto ventures, including NFTs 1.

This pivot aligns with institutional adoption patterns we’ve seen among corporations and investment funds that once criticized digital assets but now allocate significant resources to them.

The scale of the family’s crypto ventures—representing approximately 9% of their estimated $6.4 billion fortune—shows this isn’t merely experimental but a substantial strategic reorientation 1.

This pattern of institutional reversal on crypto is particularly noteworthy as it demonstrates how rapidly the sector has gained legitimacy despite continuing regulatory uncertainty.