BlockBeats news, on August 4, according to Bloomberg, Elon Musk and Jeff Yass, along with cryptocurrency industry donors, helped Trump raise $236 million for his political operations in the first half of 2025, an unprecedented amount for a president seeking a second term. According to the latest filing with the Federal Election Commission (FEC), Trump's total fundraising includes donations to three leadership political action committees (PACs), a joint fundraising committee, and an allied super PAC, bringing his cash on hand to $274 million.
Cryptocurrency industry donors have been generous, with Crypto.com's parent company Foris DAX Inc. donating $10 million, and Blockchain.com Inc. donating $5 million. Venture capitalists Marc Andreessen and Ben Horowitz each donated $3 million, while billionaire twins Tyler Winklevoss and Cameron Winklevoss together donated just over $2 million. MAGA Inc. also received a $5 million donation from Trump's close ally Elon Musk. Musk's donation was completed on June 27, the same day he also donated $5 million each to two super PACs supporting Republican House and Senate candidates.