Trump family admits to making money on cryptocurrencies

The family of US President Donald Trump has declared a number of transactions with cryptocurrency shares made between January and March. The relevant data is contained in Form 288-T, a mandatory document on the disclosure of financial transactions of US government officials. The exact amounts of investments are not specified, only investment ranges.

The declared assets include securities of MARA Holdings. The transactions were made twice: on February 26, for $ 1,000 to $ 15,000, and on March 30, for $ 15,000 to $ 50,000. The family was much more active in trading shares of Coinbase: nine transactions were recorded between January 12 and March 26, the largest of which is estimated to be in the range of $ 100,000 to $ 500,000.

Eight transactions involved shares of Strategy, the largest public corporate holder of bitcoin. There are both purchases and sales among them. The largest purchase is valued at $ 50,000-$ 100,000. The declaration also reflects related investment positions, such as the iShares fund, which invests in Strategy’s securities.

Outside the crypto industry, the Trump family has invested in Block, Robinhood, and SoFi Technologies. In total, the report shows about 2,000 transactions, and cryptocurrency assets make up only a small part of the portfolio. The largest investments were in NVIDIA, Microsoft, Oracle, and Boeing stocks, ranging from $ 1 million to $ 5 million for each position.

The documents cover transactions by Trump himself, his wife Melania, and their children in the amount of $ 1,000 or more. At the same time, the declaration does not disclose which family member carried out each specific transaction.

Earlier, Bloomberg estimated that since Donald Trump’s inauguration a year ago, his family has earned almost $ 1.4 billion from crypto projects. This is about a fifth of the family’s total capital.