Forbes revealed that Trump holds $870 million worth of Bitcoin through the parent company of Truth Social. From “Bitcoin is eyewash” to building a position of over $2 billion, Trump has become one of the largest Bitcoin holders in the United States.
Forbes Shocking Revelation: The Truth About Trump Being the Largest Bitcoin Holder in the U.S.
In October 2025, when the price of Bitcoin was repeatedly reaching new highs, Forbes broke the exclusive news: Donald Trump had become one of the largest individual Bitcoin holders in the United States, with an exposure of over $870 million. While retail investors were still hesitating about investing in cryptocurrencies, this decisive former U.S. president had already completed building a position, quietly becoming the first “on-chain billionaire” in the political circle.
· Trump's Secret Path to Becoming the Largest Bitcoin Holder in the U.S.
According to the latest Forbes report “Trump Is Now One Of America's Biggest Bitcoin Investors”, Trump's Bitcoin exposure has reached a total of 870 million USD, which not only far exceeds the individual valuation of the real estate assets he once held but also shocks the market with the fact that Trump has become the largest Bitcoin holder in the United States.
Forbes clearly stated: “In Trump's financial disclosure documents, you can find no trace of Bitcoin—it's not listed in the presidential financial reports, nor is it mentioned on the Trump Organization's official website. But there is no doubt that he is indeed one of the largest Bitcoin holders in the world.”
Trump Bitcoin Holder Key Data:
Total open position size: 870 million USD
Holding method: Indirectly held through Truth Social's parent company Trump Media & Technology Group (TMTG)
Shareholding ratio: diluted from 52% to 41%
Political Circle Status: The First “On-Chain Billionaire” Level Politician
Trump's secret to becoming the largest Bitcoin holder in the United States lies within his social media company. This company was originally listed on NASDAQ, relying on Trump's personal influence, with a market value of several billion dollars, yet it had an annual revenue of less than 4 million dollars. However, in mid-2025, TMTG suddenly shifted towards the cryptocurrency sector.
Trump's Build a Position Timeline
Trump becoming the largest Bitcoin holder in the United States was not achieved overnight, but rather through a meticulously planned multi-stage operation. The crypto transformation of TMTG in 2025 became a critical turning point.
Trump Build a Position Complete Timeline:
May 2025: During the fundraising phase, TMTG raised $2.3 billion through bond issuance and stock sales, while the market was unaware that this was preparing for a massive purchase of Bitcoin. This fundraising laid the foundation for Trump to become the largest Bitcoin holder in the United States.
July 2025: A massive purchase of TMTG, using $2 billion to buy Bitcoin, becoming one of the largest enterprise-level BTC holdings in the US. This acquisition resulted in Trump's stake in the company being diluted from 52% to 41%. Based on the current Bitcoin price, his personal corresponding holding is approximately $870 million.
Position Building Strategy Analysis: Trump did not directly buy Bitcoin on the chain, but instead purchased it through a publicly traded company he controls—a method known as “roundabout position building.” This operation allows Trump to become the largest Bitcoin holder in the United States while also avoiding the regulatory and disclosure issues that may arise from personally holding coins.
Market analysts point out that Trump's strategy of becoming the largest Bitcoin holder in the United States demonstrates sophisticated financial maneuvering skills. Through the holdings of publicly listed companies, he can not only enjoy the gains from rising Bitcoin prices but also maintain a certain level of operational flexibility and compliance.
· From 'Bitcoin is eyewash' to Trump becoming the largest Bitcoin holder in the United States
Trump's journey to becoming the largest Bitcoin holder in the United States can be described as a classic storyline of “from mockery to faith.” Looking back at his crypto path, the 180-degree shift in stance is astonishing.
The Historical Evolution of Trump's Attitude Towards Bitcoin
2019: Public Criticism Phase
Trump publicly criticized Bitcoin on Twitter, stating “It is not currency, just air.” At the time, no one could have imagined that this critic would become one of the largest Bitcoin holders in the United States a few years later.
2021: Continuous Questioning Phase
He again referred to cryptocurrency as a “threat to the sovereignty of the dollar,” showing strong hostility towards cryptocurrency. However, this may just be a public statement, and he may have started researching cryptocurrency investment opportunities in private.
2024: A Big Shift in Attitude
On the eve of the election, Trump suddenly announced loudly: “I support the United States becoming the global leader in cryptocurrency, no longer allowing China and other countries to get ahead of us.” This shift paves the way for Trump to become the largest Bitcoin holder in the United States.
Cryptocurrency Strategies During the 2024 Campaign:
-
Accept donations in mainstream tokens such as Bitcoin, Ethereum, USDC, Solana, etc.
-
Launch your own NFT collection
-
Personally attend the crypto conference and share the stage with industry leaders.
This makes him the first presidential candidate in American history to support Bitcoin donations. Now looking back at Forbes' revelations, Trump's status as the largest Bitcoin holder in the U.S. seems more like a preemptive political capital Build a Position battle.
· Analysis of the Multi-layered Structure of Trump Becoming the Largest Bitcoin Holder in the United States
Trump's Bitcoin holdings were not acquired in a one-time purchase, but were completed progressively through a multi-layered structure. Forbes referred to it as the “Crypto Exposure Empire.”
Four Major Positioning Paths Revealed
Path 1: NFT royalties and on-chain income. The Trump Digital Trading Cards launched in 2022-2023 are hot sellers on the Polygon chain. The royalty income flows directly into a designated wallet, which corresponds one-to-one with the financial disclosure amount of Trump, marked by Arkham as its control address.
Path Two: Related companies allocate BTC exposure. In 2024, World Liberty Financial (WLFI), founded by Trump and his family, begins operations, with its core business being stablecoin issuance and BTC asset management. Forbes points out that this entity and related trust accounts have purchased a large amount of BTC and WBTC, which constitutes the main source of exposure, directly propelling Trump to become the largest Bitcoin holder in the United States.
Path 3: Campaign Donations and Derivative Earnings Since announcing the acceptance of Bitcoin donations, the Trump team has received thousands of on-chain small BTC payments from around the world. These crypto donations are settled through a compliant trust account, with some retained as BTC / ETH, rather than being fully converted to USD.
Path Four: Large residual assets from off-exchange custody and family trusts may be held in the accounts of custodial institutions, which cannot be directly tracked on-chain, but can be estimated through financial disclosures and cross-verification with the media.
It is precisely because of this multi-layered architecture that the fact that Trump has become the largest Bitcoin holder in the United States was widely known only after Forbes revealed it. This operational method not only maintains compliance but also maximizes investment flexibility.
· The Political and Market Dual Impact of Trump Becoming the Largest Bitcoin Holder in the U.S.
The significance of the revelation that Trump has become the largest Bitcoin holder in the United States goes far beyond “a politician turning into a crypto whale.” This represents the first direct binding of the crypto industry with the highest political power in the United States.
The Far-reaching Impact on the Political Level
Trump becoming the largest Bitcoin holder in the United States means he has a direct financial interest in the cryptocurrency industry. If he returns to power in 2026, the United States may usher in the most favorable crypto regulatory environment in history.
Possible Policy Changes:
-
The regulatory framework for stablecoins is clearer and more friendly.
-
The BTC ETF approval process is accelerating.
-
Optimization of Mining Tax Policies
-
Legalization and comprehensive promotion of cryptocurrency as campaign donations.
Market observers point out that Trump becoming the largest Bitcoin holder in the United States makes him the most powerful political ally in the crypto industry. This is not only a personal investment decision but could also reshape the landscape of financial regulation in the United States.
Signal Effects in the Market
When global capital sees the most influential political figure in the United States holding 800 million USD in BTC, this itself is a strong signal: “Bitcoin is not the enemy, but a part of the new dollar system.”
Potential Changes in the Market:
The narrative of a political bull market rises: Trump becoming the largest Bitcoin holder in the U.S. transforms BTC from merely a technological narrative to a tool for the redistribution of financial power.
Institutional investment accelerates: If even the president holds a significant amount, the psychological barriers for traditional institutional investors will greatly decrease.
The discussion of Bitcoin as a national-level asset is heating up: Trump becoming the largest Bitcoin holder in the United States may catalyze discussions on Bitcoin reserves by the U.S. government.
Cryptocurrency traders believe that the news of Trump becoming the largest Bitcoin holder in the United States may trigger a new wave of FOMO (fear of missing out). When political power is deeply tied to crypto assets, market confidence in Bitcoin will be further strengthened.
The Political Ally Network Behind Trump
Forbes reports that Trump's status as the largest Bitcoin holder in the United States is far from an isolated case. His political allies likely also hold significant amounts of Bitcoin, forming a secret “political crypto whale network.”
Market speculation suggests that Trump's potential status as the largest Bitcoin holder in the U.S. may just be the tip of the iceberg. There may be several high-profile figures within the American political circle who have already completed their Bitcoin Build a Position, only holding it in a more covert manner. The existence of this network will have a profound impact on future cryptocurrency regulatory policies.
From “eyewash” to “presidential asset”, from rejection to embrace, Bitcoin has finally entered the heart of American power. At the moment when Trump became the largest Bitcoin holder in the United States, Bitcoin has already been profoundly marked by the shadow of the White House.
