Trump PAC has raised about $7.5 million in crypto donations since early June

A political action committee supporting former President Donald Trump has raised about $7.5 million in cryptocurrencies.

Contributors to the Trump 47 joint fundraising committee donated bitcoin, ether and XRP, as well as the U.S. dollar pegged stablecoins tether and USDC, to the GOP presidential nominee's campaign, according to a Federal Election Commission filing submitted on Tuesday.

The PAC said the latest filing covered donations in the period of July 1 through Sept. 30, but numbers included cumulative contributions.

With the 2024 election just three weeks away and the contest in a virtual dead heat according to polling averages, Trump is counting on a hefty dose of funding from the crypto community. The former president positioned himself as the pro-crypto candidate in this election, a reversal from his previous stance during his time in the White House. In May, he became the first major presidential candidate to accept donations in digital tokens.

Nearly half of all the corporate money flowing into the election has come from the crypto industry, according to a recent report from the nonprofit watchdog group Public Citizen. The sum was raised from a mix of contributors, with Coinbase, Ripple, and venture firm Andreessen Horowitz accounting for most of those business donations. The industry has raised roughly 13 times the amount it brought in during the last presidential election year.

At least 18 donors gave more than $5.5 million in bitcoin to Trump 47, the filing shows. Another seven people gave around $1.5 million in ether.

Contributors hailed from more than 15 states, including a few battlegrounds, plus the American territory of Puerto Rico.Their professions include Lockheed Martin software engineer, Duthie Power