Former U.S. President Donald Trump indirectly holds a stake in Bitcoin worth approximately $870 million, according to a report by Forbes magazine. This massive cryptocurrency holding is channeled through Trump Media & Technology Group (TMTG), the parent company of his Truth Social platform, in which Trump owns a 41% share.
The revelation shows that TMTG, which raised $2.3 billion through debt and equity, used $2 billion of that sum to purchase Bitcoin. This strategic move has dramatically transformed the company from a traditional social media venture into a major de facto cryptocurrency holding entity.
Political Influence and Conflict-of-Interest Concerns
This indirect ownership potentially makes Trump one of the largest individual Bitcoin holders in the United States, although this wealth is not reflected in his official government financial disclosures. His substantial stake is intensifying scrutiny over potential conflicts of interest, as future cryptocurrency regulations he might influence could directly impact his personal fortune.
The timing of TMTG’s Bitcoin acquisition coincided with a favorable market surge that saw Bitcoin’s price rise approximately 60% following Trump’s electoral victories. While the Trump administration has historically backed pro-crypto policies, such as the proposed “GENIUS Act,” critics are now raising alarms.
Democratic critics have been vocal. The Democratic leadership of the House Financial Services Committee issued a statement claiming Trump’s crypto-related assets now exceed $1.2 billion, suggesting an increase from Forbes’ initial valuation. The committee labeled his involvement as “corruption rebranded as cryptocurrency” and called for congressional action to prevent a president from profiting through the digital asset class.
A New Political Narrative and a Strengthened Balance Sheet
Trump’s deepening ties to the crypto ecosystem are reshaping the political narrative around digital assets. Beyond Bitcoin, Trump and his family are also involved with “World Liberty Financial (WLFI),” a token and stablecoin project linked to Trump-related businesses. This has led figures like Binance founder CZ to dub Trump the “crypto president.”
Despite recent market volatility, TMTG’s Bitcoin reserve has emerged as the strongest asset on its balance sheet, solidifying the former president’s unexpected and influential position at the intersection of politics and cryptocurrency.
