WASHINGTON – President Donald Trump reported earning more than a billion dollars last year from his various cryptocurrency ventures, an industry he had called a “scam” until it backed his campaign to return to the White House two years ago.

His annual financial disclosure form released Tuesday shows that Trump earned $594,263,944 from World Liberty Financial, the cryptocurrency exchange he created in 2024 as he was running to regain office, and related entities, according to a HuffPost review of the document.

He made another $635,068,835 from CIC Digital LLC through a “license agreement” with Celebration Coins. CIC Digital is the entity that marketed his $TRUMP “meme” coin, a collectible that soared in price when he announced it just before taking office but which has subsequently lost 96 percent of its peak value.

It is not clear what Celebration Coins is or who is behind it. The White House did not respond to a HuffPost query on the matter.

The 927-page form, which Trump signed Monday, lists the World Liberty income on a dozen different lines. More than $33 million, for example, came from the sale of “token sales” by World Liberty through his “Bitcoin Key” wallet.

The single biggest chunk of income, $236,250,000, is described as having come from “token sales” by his company.

World Liberty is run by his sons and the sons of Steve Witkoff, Trump’s envoy to the Middle East and Russia. It reportedly received a $500 million investment from the United Arab Emirates’ national security adviser just days before Trump returned to the Oval Office last January.

The disclosure form lists hundreds of other sources of income from assets and investments that have made Trump wealthy for years. Most of them declare income of less than $201, the lowest reporting threshold.

Even his most profitable longstanding enterprises, though, made sums that pale in comparison to his earnings from crypto. His golf course in Sterling, Virginia, for example, made him $24.9 million last year, according to his disclosure form, while Mar-a-Lago, his Palm Beach, Florida, country club, earned him $77.5 million.

Trump’s White House did not respond to a HuffPost request for comment.

Many economists call cryptocurrencies a “greater fool” scam because the “assets” have no intrinsic value and are based entirely on finding someone else willing to pay even more for them.

Trump himself shared that view not long ago.

“Bitcoin, it just seems like a scam,” Trump said in June 2021. “I don’t like it because it’s another currency competing against the dollar.”

His opinion changed after meeting with crypto investors and receiving large contributions from them to his super PACs as he ran in 2024. He spoke at the Bitcoin Conference that year and promised to make the United States the “crypto capital” of the world.

Since returning to office, he has signed executive orders benefiting crypto, has stopped the U.S. government from trying to regulate the industry and has even created a “strategic reserve” of cryptocurrency.