Trump's Stock Accounts Made Multiple Trades in MicroStrategy and Tesla, Filing Shows
President Donald Trump’s stock accounts executed over 1,156 trades in July, with purchases totaling at least $43.6 million and sales amounting to at least $35.6 million. The transactions included shares of MicroStrategy (MSTR), a Bitcoin treasury company led by Michael Saylor, as well as Tesla (TSLA) and SpaceX (SPCX). Trump’s accounts both bought and sold MSTR stock during the month amid fluctuations in its price range from around $91 to over $100. The filing also revealed trades involving Tesla shares at a time when the company's stock was trading between $305-$385, while SpaceX had recently gone public with an initial price range of $122-$145. MicroStrategy has been actively buying and selling Bitcoin over recent months due to market volatility. Despite its latest purchase adding 950 BTC for about $75.7 million in late July, the company’s total holdings remain slightly below their June peak. Tesla and SpaceX also hold significant amounts of Bitcoin on their balance sheets, reflecting a broader trend among high-profile companies investing in cryptocurrency.
Topics: cryptocurrency finance politics stock trading