Trump’s Bitcoin Empire? $2.2B Crypto Push Stirs Political Controversy

The post Trump’s Bitcoin Empire? $2.2B Crypto Push Stirs Political Controversy appeared first on Coinpedia Fintech News President Donald Trump’s social media company, Trump Media and Technology Group, recently invested $300 million into a Bitcoin-related asset. The company now holds about $2.2 billion worth of crypto. Trump Media Plans to Create Crypto Reserve In May, the TMTG announced that it is planning to raise $2.5 billion to buy Bitcoin to create a crypto reserve. The Trump Media CEO Devin Nunes said the purchase is part of the company’s “Bitcoin Treasury Plan”. Nunes said, “We’re rigorously implementing our publicly announced strategy and fulfilling our bitcoin treasury plan.” Bloomberg reports that Trump Media & Technology Group (TMTG) has invested $300 million in a Bitcoin-linked options strategy, potentially aiming to capitalize on BTC price swings. The company currently holds around $2 billion in crypto assets, making it one of the few publicly… — Wu Blockchain (@WuBlockchain) July 28, 2025 Will There Be Conflict of Interest? The Castle Island Ventures’ general, Nick Carter, said that Trump’s ties with cryptocurrency-related firms could create a conflict of interest. In an interview, he added, “This year, President Trump has been much more aggressive in his market predictions…On our side of the industry, it’s always a headache to have businesses with conflicting interests.” Previously, Maxine Waters, Stephen Lynch, Senator Elizabeth Warren, and several other US representatives opposed Trump’s growing interest in cryptocurrencies and other digital assets. They said his involvement in the industry would cause a conflict of interest and accused him of enriching himself and his family through the crypto business. Defending Trump’s stance on crypto, White House spokesman Harrison Fields said in an email that the president “has never engaged in, and never will engage in, any conflict of interest.” For the unversed, over the past year, Trump has boosted his wealth with crypto investments, increasing it by at least $620 million .

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