Donald Trump’s campaign has amassed over $4 million in cryptocurrency donations in the second quarter of 2024. Contributions came in various digital currencies, including Bitcoin, Ether, and USD Coin.
A breakdown of the cryptocurrency donations reveals that 19 donors provided $2.15 million in Bitcoin alone. The donors’ occupations ranged from military officers to homemakers, security technicians, missionaries, and painters.
Notably, Tyler and Cameron Winklevoss, who sued Mark Zuckerberg for allegedly stealing the idea for Facebook from them, each donated 15.57 Bitcoin, amounting to slightly over $1 million at the time. The campaign refunded portions of these donations because they exceeded the $844,600 legal limit. Mike Belshe, CEO of BitGo, also contributed $50,000 in Bitcoin.
This fundraising milestone coincides with Trump’s scheduled keynote address at the Bitcoin Conference in Nashville on Saturday, where a campaign fundraiser will also take place. High-tier seats at the event, including a roundtable with Trump, are set at the maximum individual contribution limit.
Brian Hughes, a Trump campaign aide, emphasized Trump’s support for innovation in the cryptocurrency sector while criticizing Vice President Kamala Harris and the Democrats for stifling innovation. Hughes contrasted Trump’s deregulation efforts during his presidency with the overregulation under the Biden-Harris regime.
In May, Trump announced that his campaign would begin accepting cryptocurrency donations, marking him as the first major candidate to do so. The move underscored Trump’s commitment to financial innovation and reducing governmental control over financial decisions.