Donald Trump has been a staunch supporter of Bitcoin since returning to the White House — vowing to transform America into the “crypto capital of the world.”
He has elected pro-crypto regulators to the SEC, unveiled plans to create a strategic Bitcoin reserve, pardoned Silk Road founder Ross Ulbricht, and signed the landmark GENIUS Act into law.
Just last week, his administration also released a 166-page roadmap outlining how the U.S. can lead the charge when it comes to the adoption of digital assets.
But given the president has previously sparked controversy by launching his own range of non-fungible tokens — not to mention an official meme coin — it’s fair to say Trump isn’t doing this out of kindness. The policies he’s pushing are beneficial to his own business empire, despite White House Press Secretary Karoline Leavitt repeatedly insisting they do not amount to a conflict of interest.
Cryptonews has been crunching the numbers to examine the extent of Trump’s involvement in this fast-moving industry, with the recent bullish surge in Bitcoin’s value meaning digital assets now represent a large chunk of his overall net worth. It turns out the billionaire has his finger in a lot of pies.
Data shows the president has $430 million scattered across a plethora of crypto wallets, while his stake in World Liberty Financial is worth a cool $390 million. He’s also generated an estimated $315 million in revenues from $TRUMP — and earlier this year, drove up prices dramatically when he threw a special dinner for the meme coin’s biggest holders. Rounding things off is $6.6 million in income from his NFT collection, hundreds of pieces of digital art that depict him as a superhero, a rockstar, and everything in between.
But beyond this, there’s another big enterprise that’s worth exploring: the Trump Media & Technology Group. TMTG owns Truth Social, a knock-off version of X that the president uses for posting. Trump is a majority stakeholder in this company, which went public last year against a backdrop of expensive civil lawsuits. And as this graphic shows, it’s taken a leaf out of Strategy’s book by adding Bitcoin to its balance sheet.
TMTG currently has about 18,430 BTC in the bank, worth about $2.1 billion at the time of writing, but you could argue it’s been a bit behind the curve. Michael Saylor first started amassing Bitcoin in August 2020, meaning his company has generated tens of billions of dollars in paper profits. Announcing this Bitcoin buy last month, Trump Media’s CEO and president Devin Nunes had said:
“We’re rigorously implementing our publicly announced strategy and fulfilling our bitcoin treasury plan. These assets help ensure our Company’s financial freedom, help protect us against discrimination by financial institutions, and will create synergies with the utility token we’re planning to introduce across the Truth Social ecosphere.”
But here’s a pretty staggering statistic that’s worth considering: Bitcoin now represents more than 40% of this company’s overall market capitalization.
Bitcoin treasury companies have proven particularly popular on Wall Street in recent years — primarily because they allow everyday investors, and institutions, to gain exposure to this digital asset without owning it directly. In theory, a surge in BTC’s value should lead to a rise in share prices, but it doesn’t always work out this way.
The infographic above shows that shares in the Trump Media & Technology Group have consistently underperformed against Bitcoin.
While the world’s biggest cryptocurrency has fallen by 5% in the past week, TMTG has plunged by 11%. Bitcoin’s up 2.3% compared with a month ago, while Trump’s stock is down 2.5% over the same period. Things are even more stark when you zoom out to a six-month timeframe. Bitcoin’s up 10.6%, while TMTG shares have tanked by a jaw-dropping 47%.
While all of this has been happening, the crypto industry has emerged as one of the biggest contributors to MAGA Inc, a political action committee that supports Trump. Crypto.com, Blockchain.com, and the Winklevoss twins are just some of the deep-pocketed donors to this PAC.
Democrats who sit on the House Committee on Financial Services have made their views on Trump’s crypto activities clear:
“Trump didn’t just get lucky in crypto; he rewrote the rules, then cashed in on the chaos he helped create. He gutted oversight, hyped risky tokens, and added to his billions off projects that left everyday investors in the dark. This isn’t innovation. It’s not decentralization. It’s corruption — rebranded as crypto.”
The post Revealed: Donald Trump’s Huge Crypto Wealth — In Charts appeared first on Cryptonews.
