Donald Trump just became one of the biggest private Bitcoin holders in America, sitting on around $870 million worth of crypto. The whole thing happened through Trump Media and Technology Group, which bought $2 billion in Bitcoin back in July.
When the company made that massive Bitcoin purchase, Trump’s stake dropped from 52% to 41% because the money came from the company’s treasury. But his remaining 41% stake is now worth approximately $870 million thanks to the Bitcoin holdings underneath it.
Trump’s pretty much the only other major player in this league besides a few billionaires. The Winklevoss twins probably have over $8 billion in Bitcoin if they never sold any. Michael Saylor, the guy who basically invented the Bitcoin treasury strategy that Trump Media copied, has around $5 billion. Tim Draper won a government auction for confiscated Silk Road coins worth $3.6 billion now. Some investor named Matthew Roszak might have over $1 billion.
What’s crazy is Trump used to trash cryptocurrencies, but once he started his presidential campaign again, he completely flipped. He started selling NFT cards, launched World Liberty Financial, and created a memecoin that added over $1 billion to his net worth.
Bitcoin’s been getting hammered recently, though, dropping to $110,623 on Friday after Trump’s China tariff comments scared everyone away from risk assets.
Conclusion
Trump accumulated $870 million in Bitcoin holdings indirectly through Trump Media’s $2 billion purchase, making him among the largest US private crypto holders despite previous skepticism.
Also Read: Bitcoin Drops
