The financial newspaper’s calculation of cryptocurrency project profits, which only includes realized gains (in dollars, over one billion), concluded that investments in companies like Trump Media & Technology Group, the parent company of his social network Truth Social, and a bitcoin treasury company now value at $1.9 billion (about €1.639 billion).
This business conglomerate is based on a vast network of ventures, including digital collectible cards, memecoins, stablecoins, tokens, and a so-called decentralized financial platform.
Multimillionaire foreign investors, entities linked to other countries, and at least one individual previously investigated by U.S. authorities are behind the large sums of money generated by these companies.
As of October 9, profits from the token World Liberty Financial (WLF), founded by Trump’s sons and other associates, totaled $550 million (€471 million), while the cryptocurrency $Trump generated $362 million (€310 million), and the $Melania token reached $65 million (€55 million).
The USD1 token, launched last March to maintain a stable value of 1:1 with the U.S. dollar, generated $42 million (€36 million).
In total, $1.019 billion (€874 million) in pre-tax profits were obtained, according to a blockchain data analysis.
However, one of the U.S. President’s sons, Eric Trump, questioned by the newspaper, stated that the actual value is “probably higher.”
Last May, the U.S. President held a controversial gala dinner at the White House with 220 investors in his memecoin—hidden under a pseudonym—who won a contest requiring the acquisition of an amount valued at least $54,000 (€46,330) at the time.
The launch of the $Trump cryptocurrency itself was criticized due to the ethical dilemma of the head of state’s family accounts benefiting from the memecoin, and it was also negatively viewed by some cryptocurrency platform executives, who consider it could harm the sector’s credibility.
