US President Donald Trump’s family has raised more than one billion US dollars in a very short space of time with two cryptocurrency projects but does not yet have access to further assets currently worth four billion US dollars. This was determined by the financial news agency Bloomberg. According to the agency, Donald Trump’s fortune has now risen to 7.7 billion US dollars and is based less and less on world-famous properties such as Trump Tower in New York. The majority of the increase achieved last week is therefore due to the release of the cryptocurrency $WLFI by the financial company World Liberty Financial and the IPO of the cryptomining company American Bitcoin. Senator Elizabeth Warren (Democrat) calls this “corruption, pure and simple.”
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It’s corruption, plain and simple.
— Elizabeth Warren (@warren.senate.gov) 3. September 2025 um 00:00
A lot of money made with cryptocurrency
World Liberty Financial has been around since last fall, and several of Donald Trump’s sons hold high positions in the company. It first brought a so-called stablecoin into circulation with USD1. When it released another cryptocurrency, $WLFI, for trading last week, the price plummeted, but it still flushed hundreds of millions of US dollars into its coffers. According to Bloomberg, Trump’s family raised around 670 million US dollars. Ownership of the cryptocurrency is linked to certain rights in decisions regarding the business activities of World Liberty Financial. Immediately after its launch, the company monetized part of it, and Trump’s family has already made 500 million US dollars from it.
American Bitcoin, on the other hand, is much younger; the company has only been around since March. It was founded by two of Donald Trump’s sons. It is dedicated to mining Bitcoin with equipment from a Canadian company and has been traded on the US technology exchange Nasdaq since last week. However, this was not preceded by a classic IPO; instead, a third mining company swallowed American Bitcoin and adopted its name and ticker symbol. According to Bloomberg, Eric Trump, one of the US president’s sons, holds 7.5% of the shares, and Donald Trump Jr. owns an unknown amount of shares. Donald Trump’s handling of cryptocurrencies has repeatedly been the subject of fierce criticism, but this has not yet had any consequences.
(mho)