Donald Trump NFT Company Has Less Than $1000 In The Bank, Most Of Its Fortune Is In An Ethereum Wallet
Portfolio Pulse from Mehab Qureshi
Former President Donald Trump's company, CIC Digital LLC, which licenses his likeness for non-fungible tokens (NFTs), has less than $1,000 in its US bank account but holds an Ethereum wallet valued between $250,000 and $500,000. The company's financial details were part of a revised filing submitted by Trump, detailing income sources totaling over $1.2 billion. Trump's NFT sales have seen a notable increase, with his debut collection selling out within a day.

July 14, 2023 | 8:12 am
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NEUTRAL IMPACT
The news about the significant Ethereum holdings of CIC Digital LLC, Donald Trump's NFT company, could potentially influence the perception of Ethereum's value and usage.
The news reveals that a significant portion of CIC Digital LLC's assets are held in Ethereum, indicating a strong belief in the cryptocurrency's value. However, the impact on Ethereum's price is uncertain as it depends on market sentiment and other factors.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80