Forbes: Trump is one of the largest Bitcoin investors in the United States, holding approximately $870 million in Bitcoin.

PANews, October 13th news, according to Forbes, U.S. President Trump holds a large amount of Bitcoin, estimated to be worth $870 million, making him one of the world's largest Bitcoin investors. The reason Trump's investments are so discreet is that he holds Bitcoin indirectly through his ownership of shares in the Trump Media & Technology Group, which operates Truth Social. Although the annual revenue of Trump Media & Technology Group is less than $4 million, its market capitalization on Nasdaq is as high as several billion dollars, and earlier this year the company also ventured into the Crypto Assets field. In May, the company raised $2.3 billion through significant debt and selling overvalued stocks. In July, the company purchased $2 billion worth of Bitcoin. The stock sales diluted Trump's stake in the company from 52% to 41%. Since Trump Media & Technology Group heavily invested in Bitcoin, the price of Bitcoin has risen by about 6%. This means Trump holds an estimated $2.1 billion worth of Bitcoin reserves, with his personal share being about $870 million.