TechFlow news, October 13 — According to Forbes, U.S. President Trump holds a substantial amount of bitcoin, estimated at $870 million, making him one of the world's largest bitcoin investors. The reason Trump's investment is so concealed lies in the fact that he indirectly holds bitcoin through his shares in Trump Media & Technology Group, the company operating Truth Social. Although Trump Media & Technology Group generates less than $4 million in annual revenue, its market capitalization on Nasdaq reaches several billion dollars, and earlier this year the company shifted into the cryptocurrency space. In May, it raised $2.3 billion through heavy borrowing and selling overvalued shares. In July, the company purchased $2 billion worth of bitcoin. The share sale diluted Trump's ownership stake in the company from 52% to 41%. Since the company's major bitcoin investment, bitcoin's price has risen approximately 6%. This gives Trump an estimated 41% share of the company's $2.1 billion bitcoin reserves, amounting to roughly $870 million personally.
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / support@techflowpost.com ICP License: 琼ICP备2022009338号
