Latest news with #U.S.DigitalAssetStockpile
Mint
a day ago
- Business
- Mint
Donald Trump's net worth: $2.5M in perfume & sneakers, $2.8M in watches — Inside US President's 2024 earnings
Donald Trump's annual report for the year ended 2024 showed that the US President earned $2.5 million from perfumes and sneakers, and $2.8 million from watches, reported the news agency AFP on Sunday, 15 June 2025. These million-dollar earnings are royalties which Donald Trump received through the sale of branded products and licensing agreements around the world for multiple goods. According to the agency report, Trump also earned over $50 million in income from his Mar-a-Lago club in Florida. However, this was not the only income which added to his net worth. A $29.1 million income from his golf course in West Palm Beach, along with $110.4 million from the one in Miami, also contributed in the year 2024, according to the official US Government Ethics report. Trump also reportedly received a monthly retirement payment of $6,484 from the Screen Actors Guild (SAG), according to the news agency. According to Forbes data, US President Donald Trump's net worth is estimated to be at $5.3 billion as of 15 June 2025. US President Donald Trump has been a supporter of cryptocurrencies since his White House comeback in January 2025. He also signed an executive order to establish a 'Bitcoin Reserve and a U.S. Digital Asset Stockpile' in efforts to make the US the leader among other nations in the digital asset strategy. Donald Trump promised the people of the nation that he aims to make America the 'crypto capital of the world,' embracing the need for digital assets to drive economic growth and technological leadership. According to the official US Government Ethics report, US President Donald Trump also earned nearly $57.4 million from his World Liberty Financial business. Trump earned $57,355,532 or $57.4 million from World Liberty Financial's crypto 'token sales' to investors, as of the year ended 31 December 2024. '(Trump) Primarily owns the WLFI protocol and governance platform and related token treasury, digital wallets and intellectual property. Has rights to certain service agreements with the founders of World Liberty Financial as of December 31, 2024,' according to the Ethics report released on 13 June 2025. World Liberty Financial is a crypto company where Donald Trump is the Co-Founder Emeritus. His sons are also co-founders of the company. The World Liberty Financial Token (USD1) is a US dollar-pegged stablecoin (digital dollar) which is currently trading 0.05 per cent higher at $1 as of 10:58 p.m. (IST) with a current market capitalisation (M-Cap) of $2.19 billion. Disclaimer: This story is for educational purposes only and does not recommend that potential investors purchase any cryptocurrencies. We at Mint advise investors to check with certified experts before making any investment decisions, especially in a highly volatile sector like Crypto.
Yahoo
05-06-2025
- Business
- Yahoo
Corporate Bitcoin Holdings Nears $85B, More Than Doubling in a Year
Bitcoin BTC has taken deeper root in corporate treasuries, with 116 public companies now holding a combined 809,100 BTC, worth around $85 billion based on current prices, at the end of May. That's a dramatic rise from 312,200 BTC held a year ago in corporate treasuries, according to Binance Research's latest report. Nearly 100,000 BTC has been added since early April alone. The surge appears driven by a mix of rising prices and structural tailwinds. Donald Trump adopted a pro-crypto stance during his 2024 presidential campaign, vowing to make the U.S. a global hub for the asset class and create a 'crypto capital of the planet.' Since Trump took office he has moved to establish a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile, while the U.S. Securities and Exchange Commission has dropped numerous lawsuits against major crypto firms.. Binance's report shows that bitcoin treasury accumulation grew in November, when Trump won the election. Adding to that, new fair-value accounting rules introduced by the Financial Account Standards Board (FASB) this year allow companies to recognize gains on BTC holdings, removing a longstanding deterrent. Newer entrants including GameStop (GME) and PSG have recently started accumulating BTC as a well, yet Strategy still holds the lion's share of BTC in corporate treasuries, with over 70% of holdings. Some companies are also tiptoeing into other assets. SharpLink holds $425 million in ETH, while DeFi Development and Classover are betting on solana SOL. China-based firm Webus recently filed for a $300 million XRP strategic reserve. Still, these altcoin holdings remain relatively small and are often tied to firms trying to rebrand as token-forward entities, Binance noted. Binance's report also flagged the rapid rise of tokenized real-world assets (RWAs), which have climbed more than 260% from $8.6 billion to $23 billion this year. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
06-04-2025
- Business
- Yahoo
1 Top Cryptocurrency to Buy Before It Soars 15,072%, According to MicroStrategy's Executive Chairman Michael Saylor
You won't find anyone more bullish on Bitcoin (CRYPTO: BTC) than Michael Saylor. As the executive chairman of the Bitcoin treasury company MicroStrategy, which now goes by the name Strategy, Saylor more or less pioneered the idea of taking a struggling company and using its available funds to buy hoards of the world's largest cryptocurrency. Strategy began buying Bitcoin in 2020 and hasn't stopped. It has paid off, and its stock has absolutely soared. The company has also been able to tap the capital markets to raise debt that it can then use to buy Bitcoin. Late last year, Saylor predicted that the price of the token could soar 15,072% over time, and he still seems as bullish as ever. Let's take a look. Last November, Saylor went on CNBC and reiterated that he thinks Bitcoin has the potential to hit $13 million per token by the year 2045. He believes the cryptocurrency can deliver a 29% annualized rate of return (ARR) between now and 2045, which he says wouldn't be that outlandish considering it has generated annualized ARRs of 60% historically. He expects its ARR to decline as it becomes less volatile. "Ultimately, I think the right way to think of it is, it's always going to be the stronger capital asset versus a conventional S&P index," Saylor told CNBC at the time. Bitcoin has motored higher since his prediction, with the token briefly topping $109,000 in January. The major catalyst was Donald Trump's presidential election victory in November and the Republican sweep of Congress. Trump has positioned the party as a proponent of crypto and has significantly reversed course from the more cautious regulatory approach taken by President Joe Biden's administration. Trump has put pro-crypto officials in his cabinet and has several pro-crypto advisors. The U.S. Securities and Exchange Commission (SEC) has dropped several high-profile cases against major crypto companies. Trump has also issued an executive order directing the creation of a Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile. Since late February, the market has sold off intensely, and cryptocurrencies have faltered as well, with Bitcoin trading at about $85,000 (as of April 2). From this level, a $13 million future price target represents more than 15,000% upside. Despite the sell-off, there is no indication that Saylor does not still believe in his price prediction from last year. Strategy has continued to pour money into Bitcoin, regardless of price. Recently, the company purchased $1.9 billion worth at an average price of just under $87,000 per token. It now owns more than 2% of the supply outstanding -- or 528,185 bitcoins collectively valued at roughly $35.63 billion, with an average cost of $67,458 each. Saylor hasn't been quiet, either. He recently posted on X: "Don't be a fool. Buy Bitcoin." When it comes to crypto, never say never. I think if you had asked someone a decade ago if $100,000 per Bitcoin was possible, they might have laughed you out of the room, yet here we are. That said, I wouldn't read too much into price targets when thinking about a volatile asset like Bitcoin. Saylor seems like he is just doing some basic math and placing some major assumptions behind his estimates. That said, I am bullish on the crypto over the long term. I think its finite supply of 21 million tokens makes a compelling case that it can one day be viewed as a more common hedge against inflation. It's also not a bad idea to purchase some alternative assets for your portfolio, like Bitcoin, considering how volatile the market has been during the past five years. So, yes, I do expect the crypto to keep moving higher. However, the path will likely not be linear, and as for a specific price target, your guess is as good as mine. Before you buy stock in Bitcoin, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Bitcoin wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $461,558!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $578,035!* Now, it's worth noting Stock Advisor's total average return is 730% — a market-crushing outperformance compared to 147% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of April 5, 2025 Bram Berkowitz has positions in Bitcoin. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has a disclosure policy. 1 Top Cryptocurrency to Buy Before It Soars 15,072%, According to MicroStrategy's Executive Chairman Michael Saylor was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
28-03-2025
- Business
- Yahoo
Crypto for Advisors: What Is a Bitcoin Strategic Reserve?
In today's crypto for advisors, Alex Tapscott explains what the Bitcoin Strategic Reserve is and why it matters to investors. Then, Bryan Courchesne from DAIM answers questions investors have about setting up a personal strategic reserve in Ask an Expert. – Sarah Morton You're reading Crypto for Advisors, CoinDesk's weekly newsletter that unpacks digital assets for financial advisors. Subscribe here to get it every Thursday. On March 7, President Trump signed an executive order creating both a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile, the latter comprised of tokens like ETH, SOL, XRP and ADA. The Strategic Bitcoin Reserve (SBR) and the Digital Asset Stockpile will be capitalized initially with crypto assets obtained by the Department of Treasury through criminal and civil asset forfeiture. Analysts estimate that they will capitalize the SBR with $6.9 billion in bitcoin currently in the government wallet. The news disappointed some bitcoin bulls, who were annoyed by the inclusion of other crypto assets and by the relatively modest initial goals of the Reserve. Altcoin fans were initially euphoric following Trump's tweet announcing the plan but soon became disillusioned as it became evident that the plan for the U.S. Digital Asset Stockpile was severely limited in scope — the government sits on only $400 million of non-BTC coins and has no intention of adding more. So what should we make of all this? The idea of a strategic reserve for critical assets or commodities is not new. The U.S. government maintains strategic stockpiles of gold and petroleum, and governments and central banks hold large balances of foreign currencies, for example. Using that framework, one could argue that a strategic bitcoin reserve makes sense if you believe bitcoin will continue to mature into an important commodity and monetary asset. By vowing never to sell any of its BTC, the government effectively removed many billions of dollars in potential selling pressure from the market forever. What's more, they are sending a signal to other governments that this is a reasonable way to treat seized bitcoin, labeling it 'strategically important.' And this could just be the start: Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick, both well-known bitcoin bulls, are now authorized to develop budget-neutral strategies for acquiring additional BTC, provided that those strategies impose no incremental costs on American taxpayers. Among other things, they could: Sell unused government assets, such as defunct and empty buildings. Revalue the government's gold and sell a portion off to buy bitcoin. Use surplus in the Treasury's Exchange Stabilization Fund (ESF), a funding facility controlled by the Treasury. Sell altcoins from the U.S. Digital Asset Stockpile (worth approximately $408 million). Use a portion of tariff revenue, such as that affecting the import of bitcoin mining equipment. If implemented, these programs could significantly increase the size of the SBR. What about the Digital Asset Stockpile? One could argue that platforms like Ethereum and Solana are becoming more strategically important to the U.S. A Digital Asset Stockpile could help future-proof the government and signal to the industry that they're a model user of new technology, akin to the federal government in the 1990s launching its own website. Perhaps. But so far, it looks like the government has put very little thought into the Digital Asset Stockpile and has actually said it may even sell these digital assets to bolster the SBR. For investors, the Strategic Bitcoin Reserve is neutral short-term and potentially positive long-term if it can scale through budget-neutral mechanisms. As for the Digital Asset Stockpile, we simply do not know enough to make a judgment one way or the other. The government may grow the asset base through revenue-neutral mechanisms, like with the SBR. Crypto and AI Czar David Sacks has said they are looking at many of the largest tokens by market capitalization, suggesting purchases may come at some point. Or maybe they dump their altcoins to boost their BTC balance. In my view, the government should tone down these flashy stunts and instead focus on collaborating with industry, civil society, regulators and lawmakers to craft the laws and regulations that can put the industry on a firm footing, encourage investment from institutions and enterprises, and catalyze more capital formation and entrepreneurship.. -Alex Tapscott, managing director, Ninepoint Digital Asset Group Q. Like the government, can I set up my own bitcoin strategic reserve? We believe the establishment of a Bitcoin Strategic Reserve (SBR) is the perfect time for investors to consider creating their own personal bitcoin reserve. If the U.S. government sees the value in holding bitcoin as a strategic asset, there's no reason individual investors shouldn't consider doing the same. Bitcoin is one of the scarcest assets in existence, and any significant uptick in demand could drive its price substantially higher. While its volatility is well-known, the asset's risk/reward profile makes it a prudent addition to a diversified portfolio in reasonable amounts. Q. What factors should I consider? The tendency of individuals to buy and hold bitcoin benefits all investors. Bitcoin's digital scarcity ensures that there will only ever be 21 million coins. Any time a bitcoin is lost due to an inaccessible wallet or sent to an invalid address, the supply is permanently reduced — further increasing its scarcity. Think of owning bitcoin as like being an early investor in prime digital real estate. You may have missed the opportunity to buy land in Manhattan during its development, but you don't have to miss out on bitcoin. And unlike traditional property, you don't need to purchase an entire bitcoin — you can own a fraction. Investing in bitcoin isn't just about securing a digital stake; it's also about participating in a technological revolution that's been gaining momentum for over a decade. While decentralized finance (DeFi) is often associated with assets like Ethereum and Solana, DeFi applications — including lending and staking — are increasingly being built on or alongside the Bitcoin blockchain. By holding bitcoin, you're not only owning digital real estate but also gaining early exposure to a groundbreaking financial ecosystem. However, the decision to buy bitcoin isn't all-or-nothing. Your investment should reflect your overall portfolio, time horizon, liquidity needs and risk tolerance. -Bryan Courchesne, CEO, DAIM Oklahoma Bill 1203, allowing the state to invest in digital assets, was passed by its House of Representatives. GameStop's board of directors unanimously voted in favor of updating its investment policy to include bitcoin as a treasury reserve asset. The 'Bitcoin Rights' bill was signed into law in Kentucky, providing protections for mining and self-custody of digital assets.
Yahoo
24-03-2025
- Business
- Yahoo
Up 400%, How Much Higher Can XRP Go?
Ever since the presidential election in November, XRP (CRYPTO: XRP) has been on an absolute rocket ship. At its current price of $2.39, XRP is up almost 400% over the past five months. And it remains the top-performing major cryptocurrency of 2025, up 20% since the start of the year. And things just keep getting better for XRP. The Securities and Exchange Commission (SEC) has reportedly decided to drop its lawsuit against Ripple (the company behind the XRP token) that has been ongoing since December 2020. On that news, XRP popped another 10%. So just how much higher can XRP go in 2025? Right now, it's easy to find investors convinced that XRP will double, triple, or even quadruple in price by the end of the year to hit the $10 mark. And, if you spend just a few minutes more, you can find investors convinced that XRP could hit $100 soon. Spend a few more minutes, and you can find a forecast that calls for XRP to hit a wildly optimistic price of $10,000 per token. But let's set expectations here. For one, XRP is already up a lot since the election, so much of the pro-crypto euphoria during the past few months has likely already priced into the news about the SEC. Markets are smarter than you think. That helps to explain why XRP didn't double on the latest news. Instead, it was up a modest (by crypto standards) 10%. Moreover, if you look at the past decade of XRP's price history, there's very little to suggest that XRP is going to double in price anytime soon. The all-time high for XRP is just $3.84, and that was all the way back in 2018. To make the math easier, let's just call this $4. So XRP would need to soar another 60% to hit that target by the end of 2025. Just how likely is that? One clue comes from online prediction markets, where participants are wagering cold hard cash on a single question: "XRP All Time High Before 2026?" Right now, 41% think that's possible. At the beginning of the year, though, it was closer to 70%. So, obviously, the recent bout of market volatility has heavily influenced investors. That said, there are three potential catalysts that could help push XRP to a new all-time high. The first is the potential launch of a spot XRP exchange-traded fund (ETF) by the end of the year. Back in February, Bloomberg analysts suggested that there was a 65% chance of this happening. The thinking then was that the launch of a spot XRP ETF would be impossible as long as the SEC case was hanging over Ripple. Well, if the SEC case is finally finished, then the chances of XRP getting a spot ETF should increase dramatically. Nine investment firms have already submitted applications to the SEC, and it could be a matter of when, not if, a new spot XRP ETF starts trading. The second potential catalyst involves the creation of the U.S. Digital Asset Stockpile, which was announced in early March by the Trump White House. Right now, it looks like XRP will be included as part of this crypto stockpile. That means that any XRP the government has confiscated and didn't sell during the past decade or so will be added. The big question, though, is whether the U.S. government will ever buy XRP to this stockpile. If it ever does, that could send the price of XRP skyrocketing. The third potential catalyst involves stablecoins, which are now a $200 billion industry. Ripple wants to become part of this fast-growing sector, and at the end of 2024, it debuted a new Ripple stablecoin (known as RLUSD) pegged 1-to-1 to the U.S dollar. The thinking here is that this Ripple stablecoin could become the perfect on-ramp for Wall Street institutions to get onto the XRP blockchain. And, indeed, investment giant BlackRock is now partnering with XRP on an asset tokenization project that uses this Ripple stablecoin. As XRP blockchain activity increases, it should help to push up the price of the XRP token. Putting all this together, I think there's at least a 50% chance that XRP will hit a new all-time high before the end of the year. Now that the air has seemingly been cleared of any regulatory risk, XRP could easily regain the $3 level, which is where it was trading back in January. And if the new spot XRP ETFs come to fruition, that could be the key catalyst that sends XRP to $4. But buyer beware: Ripple (and a handful of Ripple insiders) appears to hold anywhere from 50% to 70% of the total coin supply of XRP. That is extremely concentrated ownership, and makes me a bit nervous. Moreover, the exact legal consequences of the SEC dropping its case are still unclear. The SEC has thus far not publicly commented, and there have been many twists and turns during the past four years. Before you invest in XRP, be sure to do your due diligence and understand the potential risk factors involved. Before you buy stock in XRP, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and XRP wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $721,394!* Now, it's worth noting Stock Advisor's total average return is 839% — a market-crushing outperformance compared to 164% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of March 18, 2025 Dominic Basulto has positions in XRP. The Motley Fool has positions in and recommends XRP. The Motley Fool has a disclosure policy. Up 400%, How Much Higher Can XRP Go? was originally published by The Motley Fool Sign in to access your portfolio
