Skip to content

Here’s how much Donald Trump’s crypto portfolio is down despite election win

Here's how much Donald Trump's crypto portfolio is down despite election win

President-Elect Donald Trump has long been considered the more cryptocurrency-friendly option, and with the original Bitcoin (BTC) candidate, Robert F. Kennedy Jr., on his team, it hardly comes as a surprise that digital assets have rocketed since the election was called on November 6.

Considering the massive inflows, one might expect Trump’s cryptocurrency portfolio to have rocketed compared to mid-October, but exactly the opposite happened.

Specifically, the President-Elect’s digital assets holdings have diminished by approximately $2.35 million from their October 18 value of $7.79 million to $5.4 million at press time on November 12, per the data retrieved from Arkham Intelligence on November 12. 

Donald Trump cryptocurrency portfolio value and top holdings on November 12. Source: Arkham

The dynamics of Donald Trump’s cryptocurrency portfolio

While such a situation might appear odd, it is worth pointing out that a part of the portfolio can be attributed to campaign donations – the Trump campaign’s wallet became open for digital assets in May – and the funds are likely to have been spent on the elections.

A significant drop in value was recorded on November 5 – likely due to eleventh-hour fundraising – but the portfolio rocketed days later, simultaneously with the market-wide rally.

Indeed, the surge’s effect is visible in the short time frames as well, considering that late on November 11 – the time the rumors of Trump being the biggest holder of the Peanut the Squirrel (PNUT) meme coin were circulating – the portfolio stood at $5 million and surged nearly half a million since.

Donald Trump cryptocurrency portfolio token balance 1-month chart. Source: Arkham

These are Donald Trump’s top cryptocurrency holdings

Donald Trump owns a wide selection of tokens, but MAGA (TRUMP) and Ethereum (ETH) – including its wrapped form – are by far the biggest and most notable holdings. To be specific, the Republican President-Elect holds approximately $1.02 million worth of TRUMP and $3.28 million of ETH and wETH.

Elsewhere, Bitcoin is most notable for its absence because of its practical and cultural significance. 

This fact is particularly pointed, considering the promised strategic BTC reserve, the presence of RFK Jr. in the administration-in-waiting, and the warnings of economist Peter Schiff that Trump would break his promises to the community.

Crypto market sees massive inflows after Trump’s victory

Whatever the Trump administration’s actual steps – and whatever the fate of Trump’s cryptocurrency portfolio – the cryptocurrency markets have reacted wildly positively to the Republican victory.

Most prominent digital assets have been surging, and Bitcoin has breached multiple new all-time highs (ATH). It even closed in on $90,000 in the small hours of November 12. 

Additionally, despite the latest pullback to $88,400, BTC remains 28.71% up in the last seven days.

Bitcoin price and crypto market cap 1-week charts. Source: Finbold & TradingView

Finally, the same rally is evident across the market, with the total cryptocurrency market capitalization rocketing 32.90% within the same time frame and increasing by some $650 billion to $2.94 trillion.

Featured image via Shutterstock

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Finbold.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD

Read Next:

Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts

Sign Up

or

By submitting my information, I agree to the Privacy Policy and Terms of Service.

Already have an account? Sign In

Services

IMPORTANT NOTICE

Finbold is a news and information website. This Site may contain sponsored content, advertisements, and third-party materials, for which Finbold expressly disclaims any liability.

RISK WARNING: Cryptocurrencies are high-risk investments and you should not expect to be protected if something goes wrong. Don’t invest unless you’re prepared to lose all the money you invest. (Click here to learn more about cryptocurrency risks.)

By accessing this Site, you acknowledge that you understand these risks and that Finbold bears no responsibility for any losses, damages, or consequences resulting from your use of the Site or reliance on its content. Click here to learn more.