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Donald Trump Presidential Campaign Only Received Less Than 1 BTC Donations

Key Points:

Former President Donald Trump received around $60,000 in on-chain cryptocurrency donations since May 21, which is less than one Bitcoin.
Despite the modest crypto contributions, Donald Trump presidential campaign had raised nearly $388 million as of July 24.

Former President Donald Trump has received approximately $60,000 in on-chain cryptocurrency donations since his campaign began accepting them on May 21, according to data from Breadcrumbs.app reported by Fox Business’ Eleanor Terrett.

Donald Trump Presidential Campaign Receives Modest Crypto Donations

These donations, which equate to less than one Bitcoin at the current exchange rate, include assets tracked on Ethereum, Polygon, and Base networks, but exclude off-chain donations made through exchanges such as Coinbase and Gemini. Comprehensive figures, including off-chain donations, will be available after the Donald Trump presidential campaign reports to the Federal Election Commission (FEC) at the end of the month.

Despite the relatively small amount of cryptocurrency donations, Trump’s overall fundraising efforts have been significant. As of July 24, his campaign had amassed nearly $388 million, based on data from OpenSecrets. The substantial sum highlights Trump’s robust fundraising capabilities, overshadowing the minor contribution from cryptocurrencies.

Trump, who has recently shown support for cryptocurrencies, is not the first presidential candidate to embrace this form of donation. Last year, third-party candidate Robert F. Kennedy, Jr. also began accepting Bitcoin contributions.

Winklevoss Twins’ Bitcoin Donation Exceeds Federal Limits

Shortly after Trump announced his acceptance of cryptocurrency donations, Cameron and Tyler Winklevoss, founders of the Gemini exchange, pledged $2 million in Bitcoin to Donald Trump presidential campaign.

However, due to federal donation limits, the Winklevoss twins were refunded for exceeding the maximum permissible amount. They had each donated $1 million in cryptocurrency, surpassing the legal limit of $844,600 per person that the Trump campaign could accept.

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Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.