The Trump family has grown their crypto wealth to about $1.3 billion in a few weeks. This incredible growth comes from two crypto ventures they’ve been building over the past year. 

Crypto wealth is fast becoming a core part of the Trump empire, rivalling their real estate, resorts, and luxury brands.

Two Crypto Ventures Fueling Growth

Most of the gains are attributed to World Liberty Financial (WLFI). The crypto firm was co-founded by Donald Trump’s sons—Donald Jr., Eric, and Barron—along with Steve Witkoff and his family. WLFI recently reached a milestone on September 1, allowing customers to trade its token for the first time.

Last month, WLFI struck a significant deal with Alt5 Sigma, which agreed to buy about $1.5 billion worth of its tokens. This single deal added roughly $670 million to the Trumps’ net worth. The Trump family still holds about 22.5 billion WLFI tokens valued at $4 billion. Because the tokens remain locked and unsellable, the official wealth calculation does not include them.

The other half of their success story comes from American Bitcoin Corp, a company launched in March to mine Bitcoin. Backed by Eric and Donald Jr., it went public through a merger with Gryphon Digital Mining and now trades under the ticker ABTC. At one point, Eric Trump’s stake alone was briefly worth nearly $1 billion, while Donald Jr also holds a smaller share.

A New Era for the Trump Brand

These quick profits highlight how fast fortunes can change in the cryptocurrency market. Eric Trump has become the new face of the family business and has a different approach. He has even gone so far as to promote the use of Bitcoin at the Bitcoin Asia Conference, urging people to start purchasing it now.

The Trump family has rewritten their legacy-building playbook with crypto-wealth, starting with real estate and then moving to digital tokens. The Trump family demonstrates a definite attachment to cryptocurrencies with collateral amounting to $1.3 billion and with locked tokens.

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies presented are the thoughts and opinions of the writer/reviewers, and their risk tolerance may differ from yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments; therefore, please conduct your due diligence. Copyright Altcoin Buzz Pte Ltd.

The post Trump Family’s Crypto Wealth Hits $1.3B appeared first on Altcoin Buzz.

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