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Forbes: Trump May Be One of the Largest Bitcoin Investors in the US, Holding Approximately $870 Million
Summary: According to reports, US President Trump currently indirectly holds around $870 million worth of Bitcoin, potentially making him one of the largest Bitcoin investors globally. It is noted that Trump holds a significant amount of Bitcoin indirectly through his ownership of shares in Trump Media & Technology Group (TMTG). Despite Truth Social, a social media ...
According to reports, US President Trump currently indirectly holds around $870 million worth of Bitcoin, potentially making him one of the largest Bitcoin investors globally. It is noted that Trump holds a significant amount of Bitcoin indirectly through his ownership of shares in Trump Media & Technology Group (TMTG).
Despite Truth Social, a social media platform under TMTG, generating annual revenue of less than $4 million, the company's market value on NASDAQ is in the billions. Earlier this year, TMTG raised $2.3 billion through debt and overvalued stock sales, and in July, purchased around $2 billion worth of Bitcoin. Subsequently, Trump's stake in the company decreased from 52% to 41%. Since the company's Bitcoin investments, the price of BTC has risen by approximately 6%, with Trump's holdings estimated to be worth around $870 million in Bitcoin value. (Forbes)
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Link: Forbes: Trump May Be One of the Largest Bitcoin Investors in the US, Holding Approximately $870 Million [Copy]
