The US president made tens of millions of dollars from the sale of WLFI tokens

US President Donald Trump has declared over $57 million in profits from the sale of World Liberty Financial tokens. A document from the Office of Government Ethics reports that the head of state owns 15.75 billion WLFI. The nominal value of the stake is estimated to be in the range of up to $15,000, but the tokens gave him a say in the management of the project, where he is listed as “chief cryptoadvisor” along with his three sons.

World Liberty in March completed its second round of token sales, raised $590 million, and shifted its attention to issuing USD1 dollar-stablecoin. In parallel, Trump Media & Technology Group, operator of the Truth Social network, received permission from the SEC to place a bitcoin reserve of $2.3 billion on its balance sheet. The company’s management has the right to convert the capital into BTC or related securities at its own discretion.

TMTG’s documents allow for the purchase, sale or exchange of digital gold, as well as the issuance of up to $12 billion in additional shares and bonds, although no immediate offering is planned. TMTG shares trade on the Nasdaq under the ticker DJT and are priced at $19.52 apiece.

In addition to its bitcoin strategy, Truth Social has filed an application with the SEC to launch a spot ETF that will simultaneously track the prices of BTC and ETH. The fund is being created in conjunction with management company Yorkville America Digital and intends to provide investors with a basket of the two major cryptocurrencies without the need for direct asset custody.

Custodial functions for the ETF will be taken over by Foris DAX Trust Company, a division of Crypto.com exchange. Shares of the new product are planned to be listed on NYSE Arca; the ticker and custodian banks for fiat will be announced after approval of amendments to the application.

Thus, revenue from WLFI, the upcoming TMTG bitcoin reserve, and the planned ETF underscore the Trump family’s desire to turn cryptocurrency initiatives into a key element of its own media and technology assets.