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Trump holds $870 million in Bitcoin, making him one of the largest investors in the United States.
According to reports, U.S. President Trump is said to hold approximately $870 million worth of Bitcoin, potentially making him one of the world's largest Bitcoin investors. It is reported that Trump's Bitcoin holdings are indirectly acquired through shares of Truth Social, which is owned by a trust. Although Truth Social's annual revenue is less than $4 million, its market capitalization on Nasdaq is worth tens of billions of dollars, and it pivoted to the cryptocurrency sector earlier this year. In May, the company raised $2.3 billion through massive borrowing and selling overvalued shares, and in July purchased $2 billion worth of Bitcoin. After the stock sale, Trump's ownership in the company decreased from 52% to 41%. Since the large-scale investment in Bitcoin, the price of Bitcoin has risen by about 66%, leading to Trump's holding of an estimated $2.1 billion in Bitcoin reserves, with his personal share being approximately $870 million.
$BTC #Cryptocurrency Blockchain #BitcoinInvestment Trump #TruthSocial