Trump's Indirect Bitcoin Holdings Estimated at $870 Million

According to BlockBeats, U.S. President Donald Trump is reported to indirectly hold approximately $870 million in Bitcoin, potentially placing him among the world's largest Bitcoin investors. The report highlights that Trump holds a significant amount of Bitcoin through his shares in the Trump Media & Technology Group (TMTG). TMTG operates the social platform Truth Social, which, despite generating less than $4 million in annual revenue, boasts a market capitalization in the billions on Nasdaq. Earlier this year, TMTG raised $2.3 billion through debt and the sale of overvalued stock, subsequently purchasing around $2 billion in Bitcoin in July. Following these transactions, Trump's ownership stake in the company decreased from 52% to 41%. Since TMTG's investment in Bitcoin, the cryptocurrency's price has increased by approximately 6%, leading to an estimated value of $870 million for Trump's Bitcoin holdings.