Forbes: Trump Is One of the Largest Bitcoin Investors in the U.S., Holding Approximately $870 Million Worth of Bitcoin

Techub News, according to Forbes, Trump holds Bitcoin worth approximately $870 million, making him one of the largest Bitcoin investors in the United States.

The report states that Trump indirectly holds Bitcoin through his shares in Trump Media & Technology Group, which operates Truth Social. Although the group's annual revenue is less than $4 million, its market capitalization on NASDAQ is as high as tens of billions of dollars, and earlier this year, the company pivoted to the cryptocurrency sector. In May, the company raised $2.3 billion through substantial borrowing and the sale of overvalued stock. In July, the company purchased $2 billion worth of Bitcoin. The stock sale diluted Trump's stake in the company from 52% to 41%. Since Trump Media & Technology Group's massive investment in Bitcoin, the price of Bitcoin has increased by approximately 6%. This means Trump holds 41% of the estimated $2.1 billion Bitcoin reserve, with a personal share of approximately $870 million.