In October 2025, when Bitcoin prices were hitting new highs, the global authoritative financial media Forbes dropped a bombshell that completely overturned people's perceptions of the relationship between U.S. President Donald Trump and cryptocurrency. Forbes exclusively revealed: "Donald Trump has become one of the largest individual Bitcoin holders in the U.S., with an exposure exceeding $870 million." This means that while ordinary investors were still hesitating about investing in Bitcoin, this decisive U.S. president had already completed a massive accumulation and quietly built a vast "crypto empire." From once declaring "Bitcoin is a scam" to now being dubbed the "Bitcoin President," what political and market games are hidden behind Trump's 180-degree shift in stance?
I. Forbes Exposes: The $870 Million "Political Whale" Surfaces
According to Forbes' latest report "Trump Is Now One Of America’s Biggest Bitcoin Investors," Trump's total Bitcoin exposure has reached $870 million.
Hidden Holdings: Forbes states that you won't find any trace of Bitcoin in Trump's financial disclosure documents—it's not listed in presidential financial reports, nor on Trump's official website. But there is no doubt that he is indeed one of the largest Bitcoin holders in the world.
"Indirect Accumulation": These Bitcoins were not purchased directly on-chain by Trump but are hidden within his social media company—Truth Social's parent company, Trump Media & Technology Group (TMTG). This company was originally listed on NASDAQ based on Trump's personal influence, with a market value of several billion dollars, yet an annual revenue of less than $4 million. However, in mid-2025, TMTG suddenly pivoted to the crypto space:
May: The company raised $2.3 billion through bond issuance and stock sales.
July: The company used $2 billion of that to buy Bitcoin, becoming one of the largest corporate BTC holders in the U.S.
This acquisition diluted Trump's stake in the company from 52% to 41%. Based on the current Bitcoin price, his personal corresponding holdings are approximately $870 million.
II. From "Bitcoin is a Scam" to "Bitcoin President": The 180-Degree Shift in Stance
Looking back at Trump's crypto journey, it can be described as a classic plot of "from ridicule to belief."
Early Criticism: In 2019, Trump publicly criticized Bitcoin on Twitter, stating, "It is not money, just air"; in 2021, he again called cryptocurrencies a "threat to the dollar's sovereignty."
Change Before the Election: However, just before the 2024 election, he suddenly announced—"I support the U.S. becoming a global leader in cryptocurrency, no longer allowing China and other countries to lead us." Subsequently, his campaign team officially announced: they would accept donations in mainstream tokens like Bitcoin, Ethereum, USDC, and Solana; launched their own NFT collection; and he personally attended crypto conferences, publicly sharing the stage with industry leaders. This made him the first presidential candidate in U.S. history to support Bitcoin donations.
Now, looking at Forbes' revelations, this "faith transformation" seems more like a preemptive political capital accumulation battle.
III. Trump's Accumulation Path: From NFTs to Crypto Empire
Trump's Bitcoin holdings were not acquired in a single purchase but were completed progressively through a multi-layered structure, which Forbes refers to as the "Crypto Exposure Empire."
NFT Royalties and On-Chain Income: The Trump Digital Trading Cards launched in 2022-2023 were hot sellers on OpenSea and the Polygon chain. Royalty income flows directly into a designated wallet, which corresponds to the amounts disclosed in Trump's financial reports and is marked by Arkham as his control address.
Associated Enterprises Holding BTC Exposure: In 2024, World Liberty Financial (WLFI), co-founded by Trump and his family, began operations, with its core business being stablecoin issuance and BTC asset management. Forbes pointed out that this entity and related trust accounts purchased a large amount of BTC and WBTC, constituting a major source of exposure.
Campaign Donations and Derivative Income: Since announcing the acceptance of Bitcoin donations, Trump's team has received thousands of small on-chain BTC payments from around the world. These crypto donations are settled through compliant trust accounts, with some retained as BTC/ETH rather than being fully converted to U.S. dollars.
Over-the-Counter Custody / Family Trust: The remaining large assets may be held in custodial accounts (such as Coinbase Custody or Anchorage), which cannot be directly tracked on-chain, but estimates can be derived through financial disclosures and media cross-verification.
IV. Future Impact: Dual Signals of Politics and Markets
The significance of this revelation goes far beyond "a political figure becoming a crypto whale."
Political Aspect: Trump's substantial holdings mean that the crypto industry is directly tied to the highest political power in the U.S. If he returns to office in 2026, the U.S. may usher in the most crypto-friendly regulatory environment in history. Stablecoins, BTC ETFs, mining tax policies, etc., could all be redefined due to this "Bitcoin President."
Market Aspect: When global capital sees that the most influential political figure in the U.S. holds $800 million in BTC, it sends a signal: "Bitcoin is not the enemy, but part of the new dollar system." The market may witness a new round of "political bull market narrative": BTC is no longer just a tech narrative but a tool for the redistribution of financial power. From "scam currency" to "national leader's asset"; from rejection to embrace, Bitcoin has finally entered the center of U.S. power. Forbes even speculates that it is not just Trump; his political allies must have also bought a lot of Bitcoin!
Conclusion:
Forbes' stunning revelation of Trump's Bitcoin holdings is undoubtedly one of the most significant news stories in the cryptocurrency field in 2025. It not only reveals Trump's deep layout in the cryptocurrency space but also indicates that the binding of politics and cryptocurrency will become increasingly tight. Regardless of the motives, at this moment—Bitcoin has been profoundly imprinted with the shadow of the White House. This "faith transformation" driven by political figures will have far-reaching impacts on the global cryptocurrency market, regulatory policies, and the future financial landscape.
Related Reading: Ten Years Ago, Betting on Bitcoin (BTC) Cashed Out $13.5 Billion, Where is New Oriental Teacher Li Xiaolai Now?
Original Article: Forbes Exclusive Reveals: Trump is a Major Player Behind Bitcoin, Holding $870 Million in BTC
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