Donald Trump, President-elect of the United States, revealed holds $7.2 million in many cryptocurrencies. This is another proof that he is a pro-crypto.

According to data from Arkham Intelligence, on Nov. 25, the 47th President of the United States owned digital assets in cryptocurrencies worth about $7.2 million. He held $26 million in cryptocurrency on Jun. 6, but dropped just a few days after to $17 million.

His most significant hold on crypto is meme coin Trog (TROG), with 210 billion coins equal to $1.86 million. At the time of writing, TROG prices surged 343% from $0.000002008 to $0.000008914 in the past 24 hours.

The most exciting part is that he holds TROG bigger than Ethereum (ETH), with $1.7 million, and the average price of Ethereum is $3,401. WETH (WETH) became the third largest crypto held, with 478 WETH, which is equal to $1.63 million.

Another million holds on crypto is themed-coin of his name, TRUMP with 579k or equals to $1.03 million. He mostly holds meme coins, including GUA, TUA, PUPPIES, and CZAR. Among those on the top list, Bitcoin (BTC) was not on the list as the biggest crypto that he holds.

Trump’s movement on crypto

Although he was ever known as anti-crypto back then in 2021, when he was not re-elected as U.S. President, now he is one of the most significant figures in the crypto industry.

When entering this year’s election, he eventually became pro-crypto as he attended the Bitcoin Conference 2024 in Nashville. He shares the pro-crypto program if re-elected, which includes Bitcoin Strategic Reserve and is supported by numerous Republican senators to propose the idea to Congress.

Now, he has been re-elected to the White House and chosen several names for his cabinet, some of which are identified as pro-crypto, including Robert F. Kennedy Jr and Elon Musk. Trump also chose Scott Bessent as the Secretary of Treasury, who he called as the “most pro-crypto treasury we’ve ever seen,”.

U.S. Customs and Border Protection, at the request of the Federal Communications Commission, has been detaining imports of Bitmain’s Antminer ASIC miners at ports nationwide for up to two months.

The delays have impacted seven U.S.-based Bitcoin (BTC) mining companies without answers, according to a report from Blockspace. The detained models include the S21 and T21 series miners.

CBP has not disclosed the reason for the detentions or provided a timeline for resolution. Some affected companies have reported daily holding fees exceeding $200,000.

The holds do not appear to target other ASIC manufacturers, such as MicroBT or Canaan, and are reportedly concentrated at West Coast ports like San Francisco.

Border delay speculation

Industry speculation suggests the delays may be related to scrutiny of chips supplied by Xiamen Sophgo, a Chinese semiconductor company under investigation for allegedly violating U.S. sanctions, according to Blockspace.

Sophgo’s chips, including the CV1835, are reportedly used in certain Antminer models, such as the S19 and T21 series. Sophgo’s CEO, Micree Zhan, is also a co-founder of Bitmain, raising questions about potential links to the investigation.

The Department of Commerce began investigating Sophgo after discovering a chip linked to the company in a Huawei device. Huawei has faced U.S. sanctions since 2019 over national security concerns.

While no confirmed link exists between these sanctions and the detained Antminer shipments, sources speculate the FCC and CBP are inspecting imports for restricted components.