A newly released federal filing shows that President Donald Trump’s cryptocurrency businesses generated nearly $1.2 billion in revenue last year — a remarkable figure for ventures that were just getting off the ground when he took office.
Those fledgling operations have already outpaced much of his extensive real estate holdings in terms of income, despite his property empire taking decades to build. Two major factors drove that rapid growth: a pair of billionaire investors and Trump’s own decision to pull back on federal enforcement actions targeting the crypto industry.
According to the required annual disclosure report, Trump’s World Liberty Financial business brought in more than $500 million through the sale of new cryptocurrency products, including so-called “governance tokens.” A separate crypto venture, CIC Digital LLC, generated more than $600 million from selling souvenir-style “meme” coins bearing Trump’s likeness.
However, both the tokens and the meme coins have lost significant value since those sales took place.
The explosive growth of Trump’s crypto holdings is made even more striking by the fact that his traditional real estate business also expanded considerably last year. That side of his business reached new heights by striking licensing deals in multiple countries — its most ambitious international expansion to date. Notably, many of those same countries were engaged in negotiations with the United States over tariffs, military assistance, and other significant issues.
