PANews reported on October 13th that Forbes reported that US President Trump holds a significant amount of Bitcoin, estimated to be worth $870 million, making him one of the world's largest Bitcoin investors. Trump's investment remains so private because he indirectly holds Bitcoin through his stake in Trump Media & Technology Group, which operates Truth Social. Although Trump Media & Technology Group generates less than $4 million in annual revenue, its market capitalization on the Nasdaq is in the billions, and earlier this year the company also ventured into the cryptocurrency space. In May, the company raised $2.3 billion through heavy debt and the sale of overvalued stock. In July, it purchased an additional $2 billion worth of Bitcoin. The stock sale diluted Trump's stake in the company from 52% to 41%. Since Trump Media & Technology Group's significant investment in Bitcoin, its price has risen by approximately 6%. This leaves Trump with 41% of the estimated $2.1 billion worth of Bitcoin, or a personal stake of approximately $870 million.