Trump Estimated to Hold $870 Million in Bitcoin Indirectly

Donald Trump is reportedly indirectly owning roughly $870 million worth of Bitcoin, potentially making him one of the world’s largest investors in the cryptocurrency. This estimated holding stems from his ownership shares in Trump Media & Technology Group (TMTG). TMTG operates Truth Social, a social media platform that, despite generating less than $4 million annually, holds a market capitalization exceeding billions on Nasdaq. Earlier this year, TMTG secured $2.3 billion through debt and stock sales, followed by purchasing approximately $2 billion worth of Bitcoin in July. Following these transactions, Trump’s stake in the company reduced from 52% to 41%. The cryptocurrency’s price surge since then, estimated at around 6%, has resulted in an estimated value of $870 million for his Bitcoin holdings.