Donald Trump has achieved a massive financial victory in the first half of the year—amassing a staggering $274 million between January and June. Much of this war chest came from high-dollar donations by America’s most powerful tech and crypto elites, signaling a sharp alignment between Trump’s political agenda and the interests of Silicon Valley and digital finance.

The funds were funneled into three major political committees, led by Trump’s super PAC, MAGA Inc., with the goal of boosting Republican influence in the upcoming midterm elections and solidifying Trump’s grip on Congress.

Crypto and AI Titans Rally Behind Trump

Trump personally hosted a series of elite fundraising dinners, charging up to $1 million per plate. One event targeting cryptocurrency and artificial intelligence investors carried a price tag of $1.5 million just to get in. These efforts helped MAGA Inc. raise $177 million during this period alone.

Among the most prominent donors was Jeff Yass, co-founder of Susquehanna Group and major investor in TikTok parent ByteDance, who gave $16 million. Pipeline billionaire Kelcy Warren and his company Energy Transfer LP donated $25 million. From the crypto sector, Foris DAX (Crypto.com’s parent firm) contributed $10 million, and Blockchain.com added another $5 million.

Gemini founders Tyler and Cameron Winklevoss jointly donated over $2 million, while venture capitalists Marc Andreessen and Ben Horowitz gave $3 million each. Surprisingly, Elon Musk sent in a $5 million check to MAGA Inc.—just a month after stepping down from his role in government.

By comparison, the Democratic National Committee raised only $69 million in the same period. Their primary super PAC, Future Forward, brought in just $1 million. And according to the DNC’s own post-election analysis, Future Forward’s media campaign damaged Kamala Harris during her failed 2024 presidential run.

While big donors remain Trump’s financial backbone, contributions from small donors—once the core of his support—have slowed. Donations under $200 totaled just $22 million, mostly flowing through Trump’s joint fundraising committee shared with Never Surrender PAC and the Republican National Committee.

As of the end of June, Trump-aligned groups Never Surrender, Save America, and MAGA PAC reported $41 million in cash on hand. However, they’ve already spent $26.5 million, including $6 million on legal fees—an area where Trump continues to face major challenges.

The former president is currently appealing his 2024 conviction on 34 felony counts related to hush money payments to Stormy Daniels, disputing a civil fraud ruling tied to inflated real estate valuations worth over $500 million in penalties, and seeking to overturn an $83.3 million defamation verdict awarded to author E. Jean Carroll.

Despite the courtroom chaos, Trump’s financial advantage heading into the elections is clear—and growing.


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