Does Donald Trump really hold $870 million in Bitcoin?

Reports now suggest Donald Trump’s Bitcoin ( BTC ) exposure may be as high as $870 million, potentially making him one of the largest indirect holders of the cryptocurrency. The mind-boggling stake reportedly stems from his 41% ownership in Trump Media and Technology Group (NASDAQ: DJT ), or TMTG, the parent company of Truth Social, which raised $2.3 billion through a combination of debt and equity financing earlier this year, only to spend approximately $2 billion of it on “digital gold.” How much crypto does Trump have? Donald Trump’s on-chain cryptocurrency holdings , publicly tied to his name, really picked up the pace in the third quarter of 2025, when they rose 36.6% in value after a rough start to the year. More precisely, between July 1 and September 30, the value of Trump’s wallet went from $2.27 million to $3.10 million, a paper gain of roughly $823,000, according to Finbold’s Q3 2025 Cryptocurrency Market Report . !function(e,n,i,s){var d="InfogramEmbeds";var o=e.getElementsByTagName(n)[0];if(window[d]&&window[d].initialized)window[d].process&&window[d].process();else if(!e.getElementById(i)){var r=e.createElement(n);r.async=1,r.id=i,r.src=s,o.parentNode.insertBefore(r,o)}}(document,"script","infogram-async","https://e.infogram.com/js/dist/embed-loader-min.js"); As of the time of writing, however, the President’s direct holdings have dropped significantly, currently sitting at around $1.35 million, of which 83% are in Ethereum ( ETH ), based on the data Finbold retrieved from Arkham . More interestingly, the same data suggest Trump has no stake in BTC in this account. Nonetheless, beyond his personal wallet, the Trump family is involved with cryptocurrency through World Liberty Financial (WLFI), a decentralized finance platform promoted as a patriotic alternative to Wall Street, as well as the aforementioned Trump Media and Technology Group. In other words, Trump’s full exposure to $870 million worth of Bitcoin is indirect, being linked primarily to TMTG’s treasury strategy. That is, he does not personally control the digital asset in a traditional wallet. Nevertheless, the asset is still an important piece of his financial portfolio. Bitcoin as a strategic financial resource Despite recent volatility, TMTG’s Bitcoin positions have remained a stable part of its balance sheet. By focusing on the cryptocurrency, the firm has effectively shifted its identity from a social media company to a sizable corporate holder, following a model popularized by the likes of Strategy (NASDAQ: MSTR ). The decision reflects a wider shift among U.S. firms treating BTC as a strategic financial resource. Indeed, Trump’s stance on digital currencies has undergone a remarkable transformation, as he was a known skeptic during his first term, when he dismissed them as highly volatile investments. Since his return to the office, Trump has emerged as a crypto advocate and, accordingly, a highly influential figure in the market, most notably with policy initiatives such as the GENIUS Act, which aims to position the U.S. as a leader in digital asset infrastructure. Featured image via Shutterstock The post Does Donald Trump really hold $870 million in Bitcoin? appeared first on Finbold .