Donald Trump holds a major Bitcoin position through his stake in Trump Media and Technology Group, the business that operates Truth Social. As of the morning of October 10, his estimated personal share of that Bitcoin stockpile was roughly $870 million, placing him among the largest Bitcoin investors on the planet.
The holding is easy to overlook because Bitcoin does not appear on the president’s financial disclosure, on the Trump Organization’s website, or in other reports of his assets. Yet the exposure exists indirectly through Trump Media, which appears on his balance sheet.
How Trump’s Bitcoin Position Is Structured
Trump’s investment is hidden in plain sight because it is held indirectly. Rather than owning the cryptocurrency in a way that shows up separately, he owns a stake in Trump Media and Technology Group.
That company drew a multi-billion-dollar valuation while trading on the NASDAQ despite generating less than $4 million of annual revenue. Earlier this year, it pivoted to crypto.
Why the Bitcoin Holding Is Not Obvious
- Bitcoin appears nowhere on the financial disclosure filed with the government.
- It is not listed among the holdings identified on the Trump Organization’s website.
- It does not show up in other reports of his assets.
- The exposure comes through his ownership stake in Trump Media and Technology Group.
How Trump Media Built Its Bitcoin Stockpile
In May, Trump Media raised $2.3 billion by taking on debt and selling stock. Then in July, it bought $2 billion of Bitcoin.
Those stock sales diluted Trump’s stake in the company from 52% to 41%. Even after that dilution, his indirect ownership still represented a massive personal Bitcoin position.
Key Numbers Behind the Deal
- May capital raise: $2.3 billion
- Method: debt and stock sales
- July Bitcoin purchase: $2 billion
- Trump’s company stake before dilution: 52%
- Trump’s company stake after dilution: 41%
Estimated Value of Trump’s Bitcoin Holdings
As of the morning of October 10, the price of Bitcoin had increased about 6% since Trump Media made its big bet. That pushed the company’s Bitcoin stockpile to an estimated $2.1 billion.
With Trump holding 41% of that estimated stockpile through his company stake, his personal share came to roughly $870 million.
Volatility in the Price of Bitcoin
These figures were calculated just hours before a brief but dramatic crash in Bitcoin. The cryptocurrency fell more than 10% before rebounding slightly.
The timing highlights how quickly the value of such a large position can change.
Where Trump Ranks Among Major Bitcoin Investors
Only a handful of other billionaires appear to own more Bitcoin than Trump. His estimated $870 million position places him just behind a small group of larger holders.
Other Investors Mentioned Ahead of Trump
- The Winklvoss twins could have over $8 billion if they have not sold in recent years.
- Michael Sailor has about $5 billion through his 7% stake in Strategy, plus an estimated $2.2 billion on the side.
- Tim Draper’s coins from a 2014 auction are now worth $3.6 billion.
- Investor Matthew Razac may hold more than $1 billion.
From Bitcoin Skeptic to Bitcoin Bull
Trump once wanted little to do with Bitcoin. In 2019, he wrote that he was “not a fan of Bitcoin and other cryptocurrencies,” calling them highly volatile and “based on thin air,” and saying unregulated crypto assets could facilitate unlawful behavior.
That stance changed over time. His shift from crypto skeptic to Bitcoin bull reflects an opportunistic and marketing-driven approach to business.
Trump’s Crypto Expansion
- He sold non-fungible token trading cards, including images of himself stylized as a superhero, generating a few million dollars.
- He launched World Liberty Financial with his three sons as the 2024 election approached.
- The project gained traction after Trump won the election, as the crypto community piled into World Liberty tokens.
- That activity added more than $1 billion to Trump’s net worth, according to Forbes estimates.
- Before the inauguration, he also launched a memecoin, boosting his fortune by nearly another billion dollars.
Bitcoin, Trump Media, and the Second Presidency
The start of a second Trump presidency lifted asset values across the crypto industry. Bitcoin rose 60% from election day in November to May of this year.
Trump Media then announced its plan to stockpile Bitcoin and relied on its high trading price to raise money. The company sold $1 billion of convertible bonds and another $1.4 billion of stock.
Debt Exposure in Trump’s Portfolio
Trump’s share of that debt is about $400 million. It now represents the largest loan in his portfolio, bigger than any of his real estate mortgages.
Ethical Concerns and White House Response
The White House has said it is unbothered by the ethical concerns surrounding these arrangements. Press Secretary Caroline Levit said, “Neither the president nor his family have ever engaged or ever will ever engage in conflicts of interest.”
She also pointed to executive actions, support for legislation like the Genius Act, and other policies intended to help make the United States the crypto capital of the world.
FAQ
How much Bitcoin exposure does Donald Trump have?
As of the morning of October 10, Trump’s personal share of Trump Media’s Bitcoin stockpile was estimated at roughly $870 million.
Does Trump directly list Bitcoin on his financial disclosure?
No. Bitcoin does not appear on the financial disclosure he files with the government, nor is it listed among holdings on the Trump Organization’s website.
How does Trump own Bitcoin indirectly?
He holds it through his stake in Trump Media and Technology Group, the company that operates Truth Social and bought Bitcoin.
How much Bitcoin did Trump Media buy?
In July, Trump Media bought $2 billion of Bitcoin.
Why did Trump’s stake in Trump Media fall?
The company raised money through debt and stock sales, which diluted Trump’s stake from 52% to 41%.
Was Trump always supportive of Bitcoin?
No. In 2019, he said he was not a fan of Bitcoin and other cryptocurrencies and criticized their volatility and risks.
What other crypto ventures are tied to Trump?
He sold NFT trading cards, launched World Liberty Financial with his three sons, and later launched a memecoin.
How significant is Trump’s position compared with other Bitcoin investors?
His estimated holding makes him one of the largest Bitcoin investors on the planet, though several other billionaires mentioned appear to hold more.
Video Source
Omar Al-Sharif lives and works in the UAE and is involved in the blockchain technology industry. He writes articles on Bitcoin and digital assets as a personal passion, explaining complex topics in simple and understandable language.
