Recently, Donald Trump and his social media platform Truth Social have taken significant steps in the crypto market, achieving notable financial results.
Trump's Income from WLFI Sales
According to his latest public financial disclosure, Donald Trump made $57.35 million from sales of World Liberty Financial (WLFI) tokens in 2024. Trump reported owning 15.75 billion World Liberty governance tokens, granting him potential voting power in the company. His sons also hold co-founder positions within the project but do not have officer roles. The most recent WLFI sale concluded in March, raising $550 million from 25% of the token's total supply of 100 billion.
Truth Social's ETF Application for Bitcoin and Ethereum
Truth Social, the social platform run by Trump Media & Technology Group, filed a second crypto ETF application with the SEC, aiming to track both Bitcoin and Ethereum. The proposed fund, sponsored by Yorkville America Digital, plans to allocate about 75% to Bitcoin and 25% to Ethereum, with flexibility to adjust the ratios over time. Foris DAX Trust Co. is listed as the fund's custodian.
Strategy's Micro-Investing and New Achievements
Strategy (formerly MicroStrategy) announced an acquisition of another 10,100 BTC for $1.05 billion, boosting its total holdings to 592,100 BTC, worth over $63 billion, equivalent to more than 2.8% of Bitcoin's total supply.
Overall, Donald Trump's and his associated business's actions reflect active participation in the crypto industry, leading to important shifts in the digital asset market.
