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Home»NFT»Trump NFT firm has just $1,000 in the bank, but up to half a million in ETH
NFT

Trump NFT firm has just $1,000 in the bank, but up to half a million in ETH

2023-07-17No Comments2 Mins Read
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CIC Digital LLP, Donald Trump’s company that licenses the likeness of a multi-billionaire’s former president for use on NFTs, has revealed it has less than $1,000 in its US bank account.

However, the company does have an Ethereum wallet with an estimated supply of somewhere between $250,000 and $500,000.

Trump revealed the financial details of CIC — along with about 100 other sources of income totaling $1.2 billion — in a document filed Thursday.

These additional resources include $12.6 million for speaking engagementsmore than $1 million in ads from conservative streaming site Rumble, and $284.5 million in revenue from Trump Old Post Office LLC, owner of his Washington hotel.

It’s important to note that this is a revised application filed by Trump to further elaborate on the rather broad numbers he had previously disclosed. Indeed, in the original filing, Trump had simply claimed that he earned more than $5 million in “hotel revenue.”

It sure looks like Melania Trump wash traded her white hat NFT for $170K

Read more: Gab’s QAnon groups are ironically flooded with Trumpcoins

Trump NFTs introduce him as Elvis Presley

Trump’s first NFT collection, launched late last year, consisted of a range of 45,000 trading card style illustrations of the former Commander-in-Chief in a range of outfits and heroic poses.

The latest series features an astronaut, a soldier, George Washington, Elvis Presley and a biker with a guitar. The original set of tickets, which cost $99 each, sold out in 24 hours.

Those “lucky” enough to get their hands on some tickets also entered a competition that gave them the chance to win a dinner at Mar-a-Lago with Trump, a round of golf with the former president, or even a Zoom get a call.
As reported by Benzinga, data from OpenSea shows that sales of Trump-themed digital assets have seen a 17% jump, while their floor price has risen 2% to 4.18 ETH.

See also  XRP becomes top 3 crypto after approval of proshares ETF, can the ETH turn around?

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