Donald Trump, the former president of the United States, has more than $2.8 million worth of Ethereum in his crypto wallet, according to a new financial statement released by a watchdog group.

The statement, which was obtained by Citizens for Responsibility and Ethics in Washington (CREW), a non-profit organization that monitors government ethics and accountability, shows that Trump’s Ethereum wallet is held by CIC Digital, a Trump entity that also received $298,000 in licensing fees from a non-fungible token (NFT) project featuring Trump’s image.

The NFT project, which was launched in December 2022, consisted of 44,000 digital trading cards depicting Trump in various outfits and scenarios, such as a superhero, a hunter, and a welder. The cards sold for $99 each and sold out within the day. A second batch of cards was released in April 2023 and also sold out

The NFT project reportedly raised more than $8.9 million from sales. The new disclosure indicates that Trump’s Ethereum wallet contains more than $2.8 million worth of ETH, which is significantly higher than the $250,000 to $500,000 range that was reported in Trump’s previous filing in April 2023.

Trump’s involvement in crypto is surprising given his negative stance on the industry. In July 2019, he tweeted that he was “not a fan of Bitcoin and other cryptocurrencies” and that they were “not money” and “based on thin air.” He also expressed concern that crypto could facilitate illegal activities and compete with the US dollar.

Trump is currently facing legal trouble in Georgia, where he was indicted on Aug. 14 on charges of conspiring to interfere with the 2020 presidential election that he lost to Joe Biden2024

Trump’s spokesperson did not respond to requests for comment on his crypto holdings. The existence of Trump’s Ethereum wallet was first reported by Bitcoin.com