MEXCTrump Emerges as a $870 Million Bitcoin Whale Amid Historic Crypto Market Meltdown
Highlights
- Report shows Trump owns $870 million in Bitcoin even as crypto market crash.
- The $2 billion Bitcoin acquisition by Trump Media is its biggest break out of its social platform origins.
- The crypto fortune of Trump is boosted by Bitcoin price gains.
President Donald Trump has quietly become one of the world’s largest Bitcoin (BTC) holders, even as the crypto market faces a historic meltdown. The revelation comes as Bitcoin and the broader crypto market struggle through one of their steepest declines in recent years.
Trump Media’s $2 Billion Bitcoin Bet Makes President A Major Investors
According to a Forbes report, Trump’s indirect Bitcoin exposure is now valued at around $870 million, placing him among the biggest investors in the digital asset space. Despite the crash, Trump’s holdings remain strong, showing his business’ growing ties to the crypto market.
Forbes found that Trump’s holdings are not listed in any official government filings or financial disclosures. Instead, his exposure comes through his 41% stake in Trump Media and Technology Group, the parent company of Truth Social.
Earlier this year, Trump Media raised $2.3 billion through debt and stock sales, using most of the proceeds to buy $2 billion worth of Bitcoin. The move aligns with MicroStrategy’s renewed interest in buying Bitcoin after not buying any last week. That move gave Trump a massive indirect stake in the world’s largest cryptocurrency.
Trump Media’s Bitcoin Strategy Shows Trump’s Shift From Crypto Disbelief
When the company chose to start holding BTC on its balance sheet, it represented a radical turning point from just being a social media company. Through the adoption of the same corporate treasury technique popularized by Michael Saylor’s Strategy Inc., Trump Media has become a U.S. company holding large amounts of Bitcoin.
This shift mirrors the growing wave of institutional adoption. Recently, trillion-dollar asset manager Morgan Stanley opened crypto investments to all its wealth clients.
According to Forbes, the company’s overall evaluation has fallen since its Bitcoin purchase. However, its Bitcoin reserves now make up the strongest part of its balance sheet. Trump’s stance on crypto has changed drastically over the years.
In 2019, Trump said that Bitcoin was highly volatile and founded on thin air. However, on his return to the White House, he has initiated a number of blockchain projects.
In addition, Trump sponsored bills to make the United States a world leader in crypto. His government now encourages the use of Bitcoin by implementing regulatory changes. This includes GENIUS Act that would increase innovations related to blockchain.
Trump’s BTC Fortune Combines Politics And Market Influence
The huge exposure of Trump to Bitcoin adds an interesting twist to the recent crypto market turmoil. While billions in crypto value have been wiped out in recent days, Trump’s indirect Bitcoin stake has actually grown slightly. Bitcoin price rose about 6% since Trump Media’s purchase.
The report states that Trump’s fortune now sits alongside those of other crypto billionaires such as Michael Saylor, the Winklevoss twins, and Tim Draper. Whether Bitcoin continues to fall or rebounds, Trump’s presence in the market signals a new era. One where political and financial power are merging inside the blockchain economy.
- Solana Foundation Manager Vibhu Challenges Ripple Execs To Public “Facts-Only” XRP Debate
- Teucrium Files for Flare Network ETF as XRP Minting For FXRP Tops $120M
- Waller Signals December Fed Rate Cut Despite Powell’s “No More Cuts” Stance
- BitMine Buys $29 Million in Ethereum as Kalshi Traders Cut $5,000 Price Odds to 34%
- Bitwise XRP ETF Moves Closer to Launch as Firm Submits Final S-1 Filing
- Pi Coin Price Prediction After AI Investment Announcement – Is a Bull Run Ahead?
- How High Can Zcash Price Go In November?
- SOL ETFs Records $44.4M in 4 Days: What’s Next For Solana Price?
- Why Is TAO Price Skyrocketing Today?
- After 1,993% Burn Spike, Is Shiba Inu Price Set for a Major Trend Reversal?
- Pepe Coin Price Forms Multi-Year H&S Pattern as Whale Selling Intensifies
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
