Former U.S. President Donald Trump has emerged as a major Bitcoin holder, with a reported $870 million position, according to a recent report. The Trump family has reportedly earned over $1 billion in pre-tax profits from various crypto-related ventures over the past year. Trump's crypto portfolio is diverse, encompassing meme coins, stablecoins, governance tokens, NFTs, and a significant $200 million Bitcoin acquisition by his media company.
The report also sheds light on Trump's strategic use of shell companies and trusts to amass his crypto holdings during his presidency, raising ethical questions. His transformation from a crypto critic to a supporter aligns with recent pro-crypto policies, including a national Bitcoin reserve proposal and relaxed SEC enforcement measures.
Trump's $870 Million Bitcoin Holdings Unveiled Amid Crypto Empire Expansion
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