Overview

• New reporting on October 13 estimates the president’s indirect Bitcoin holdings at roughly $870 million through his 41% stake in Trump Media & Technology Group.
• Trump Media raised about $2.3 billion this summer and allocated approximately $2 billion to purchase Bitcoin, adopting a corporate treasury model similar to MicroStrategy.
• Bitcoin has risen around 6% since the company’s July purchase, yet Trump Media’s market valuation has fallen, making the Bitcoin reserve its most valuable asset.
• Because the exposure is held via a company stake, it does not appear on the president’s official government financial disclosures, drawing renewed scrutiny over transparency and potential conflicts.
• The development underscores a shift from his 2019 criticism of crypto to backing blockchain initiatives such as the GENIUS Act, and it places him among the largest individual Bitcoin holders reported by the industry press.