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4w ago

Trump Family Books $1.3 Billion in Weeks From Crypto Ventures

The windfall reflects a strategy that turns a large token placement and a rapid public-market debut into cash-value gains.

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Overview

  • World Liberty Financial opened trading for its WLFI token on Sept. 1 and had earlier secured an agreement for Alt5 Sigma to acquire about $1.5 billion of tokens via cash and a share swap.
  • Bloomberg’s wealth index attributes roughly $670 million in added value to the Alt5 Sigma deal and WLFI’s trading launch, excluding about 22.5 billion insider tokens that remain locked.
  • American Bitcoin’s Sept. 3 trading debut briefly valued Eric Trump’s roughly 7.5% stake at more than $500 million, contributing to the family’s combined gains of about $1.3 billion.
  • American Bitcoin was assembled through a tie-up with Gryphon Digital Mining for a fast listing and a mining partnership in which Hut 8 supplied equipment in exchange for a majority stake.
  • The Trump Organization and the White House declined to comment as interest grows over governance and conflicts, while Eric Trump continues to promote Bitcoin and the ventures publicly.