Trump Media Falls to 41% Stake after $2.4B Bitcoin Bet Loses $1B
Eric and Donald Trump Jr. sold $1.4 billion of Trump Media shares and $1 billion of convertibles to fund a $2.4 billion bitcoin purchase at its 2025 peak. Their stake in Trump Media & Technology Group fell from 52% to 41% after bitcoin plunged, driving losses exceeding $1 billion.
1. Major Bitcoin Investment
In March 2025, Eric and Donald Trump Jr. sold $1.4 billion of Trump Media stock and $1 billion of convertible bonds to acquire $2.4 billion worth of bitcoin at its peak price near $108,000 per coin.
2. Impact on Ownership and Finances
Bitcoin's subsequent plunge to below $90,000 eroded the family's holding by more than $1 billion and reduced the president's stake in Trump Media & Technology Group from 52% to 41%, diluting his voting power.
3. Corporate Financing and Crypto Ventures
Prior to this loss, Trump Media had advanced crypto initiatives such as issuing stablecoins through World Liberty Financial and exploring a national Bitcoin Reserve, while securing a $1 billion investment commitment from Crypto.com into its platform.