Trump making big bitcoin moves. Seems fine. And guys, remember, Trump isn’t profiting off the presidency.
Trump Media and Technology Group on Tuesday said it’s struck a deal to raise $2.5 billion that will be tapped to buy bitcoin, creating a reserve of the cryptocurrency.
The company’s move into cryptocurrency comes after Trump Media has ventured into other investment arenas, including starting exchange-traded funds, or ETFs, and separately managed accounts with investment strategies the company says are “rooted in American values and priorities.”
President Trump, the largest investor in Trump Media, has increasingly focused on cryptocurrencies, both through his private business and his administration. He has directed his officials to create a national “crypto strategic reserve” that will include bitcoin, ethereum and lesser-known cryptocurrencies. The goal for Trump Media — best known for its Truth Social app — is to push the company into becoming more than a tech business, according to CEO Devin Nunes.
For those on the right, Trump truly represents the “final boss” when it comes to “stickin’ it to the libs”. That’s all that matters, that’s all that will ever matter. And it doesn’t hurt that he’s really, really good at it.
Trump’s most lucrative streams came from his recent embrace of cryptocurrency. Although he previously called the crypto industry a “scam” and claimed that the prices were “based on thin air,” Trump began making serious investments. To date, he has made an estimated $412.5 million on token investments. A financial investment company known as World Liberty Financial gave the Trump family millions of digital assets in return for their promotion.
Trump Media’s embrace of crypto alone has reportedly netted the president and his family $1.3 billion. In total, Trump has an estimated profit of $3.4 billion from his time in the White House, according to the report.
So Sun gave the Trump family money to launch crypto then they lock him out of his portion of the new crypto cause they think he is scamming: grifter on grifter gotta love it
President Donald Trump has pardoned Binance founder Changpeng Zhao, who had previously pleaded guilty to enabling money laundering while heading the cryptocurrency exchange, the White House said Thursday.
The pardon of Zhao, widely known as CZ, came two months after The Wall Street Journal reported that the Trump family’s own crypto venture, which has generated about $4.5 billion since the 2024 election, has been helped by “a partnership with an under-the-radar trading platform quietly administered by Binance.”
I wonder how many sweet deals Trump Inc. will make while the Saudis are in town. We like the Saudis now right?
President Trump has a warm and elaborate welcome planned for Saudi Crown Prince Mohammed bin Salman, known as MBS, at the White House Tuesday, signaling his administration’s close ties to the Saudi kingdom as the president aims to lock in major business and national security deals.
