Press Releases
Report: Major Wall Street Firms & A Foreign Central Bank With Business Before Trump Administration Invested Heavily in Trump Media Company Despite Posting $400M In Losses
Findings Come Amid Bonanza of Bribe-Like Activity Via Trump Family Crypto Ventures
Washington D.C. – A new report
from government watchdog Accountable.US details how major U.S.
institutional investors and a foreign central bank with interests
actively before the Trump administration have dramatically increased
their holdings in Trump Media & Technology Group (TMTG) since the beginning of the fourth quarter of 2024
to the tune of millions of dollars – even after TMTG posted $400
million in losses in 2024. Some of these institutional investors may be
using their cash infusions in Trump’s personal business as leverage to
secure policy wins and even negotiate favorable deals with foreign
governments, with one firm signing a tentative deal with the Saudis
worth $1 billion. Despite reporting consistent losses, TMTG reportedly plans to buyback $400 million in stock, apparently to entice these investors to continue supporting the President’s unprofitable company.
“Donald Trump’s refusal to divest from his publicly traded company has predictably prompted huge investments from Wall Street insiders and a foreign bank that could just so happen to use a favor from the president,” said Accountable.US Executive Director Tony Carrk. “These institutional investors with business before the administration have effectively offered a form of tribute by bulk purchasing shares in DJT on the open market, which helps juice the value of Trump’s own shares. Considering Trump Media has been hemorrhaging hundreds of millions of dollars in losses, there’s little doubt these special interests are hoping for a different kind of return on their investment. On top of the Trump family’s rapidly escalating crypto schemes, Trump Media is part of the President’s strategy of wearing his corruption on his sleeve and daring his allies in Congress to do something about it.”
KEY FINDINGS:
- Citadel Advisors, “the most successful hedge fund of all-time” is led by billionaire GOP donor Ken Griffin and the firm currently holds nearly 275,000 shares of DJT worth approximately ~$6.3 million. The firm has also been openly pushing the government to keep the “carried-interest loophole”, which benefits fabulously wealthy hedge fund executives like Griffin, and which Trump has promised to eliminate. And they appear to be getting their wish, as the House reconciliation bill that Trump has advocated for did not include a provision to close the carried-interest loophole.
- Switzerland’s central bank as well as a public financial institution owned by the Canton of Zurich have invested a total of ~$4.4 million in DJT Media. Representatives from the Swiss government reportedly impressed U.S. Treasury Secretary Scott Bessent in a recent meeting in which they “moved to the front of the queue for a trade deal with the United States.”
- Executives from a number of investment banks and financial firms that are invested in DJT Media like Blackrock, Northern Trust and Citigroup recently accompanied Trump on his trip to the Middle East in the hopes of inking deals with governments in the Persian Gulf region. Altogether, those firms hold a total of ~$110 million of DJT stock. While on the trip, Northern Trust signed a tentative deal with the Saudi sovereign wealth fund worth $1 billion. Cantor Fitzgerald, a firm closely connected to Commerce Secretary Howard Lutnick who was also on the trip, also reported a new position in DJT Media in the first quarter of 2025, worth nearly ~$1.1 million.
President Trump’s insistence on maintaining a majority ~$2.6 billion stake in TMTG has invited grave concerns about the unprecedented potential for bribery and corruption where investing in TMTG can become an open money funnel to buy influence. The heavy investment activity from Wall Street benefiting the Trump family also comes as the President effectively shut down the Consumer Financial Protection Bureau that the financial industry has spent millions fighting against since its inception for holding them accountable when they ripped off, discriminated against and deceived consumers.
Meanwhile, President Trump continues to trample over every presidential ethical standard by inviting anonymous foreign, corporate and other special interests with hidden agendas to funnel virtually unlimited money into personal Trump family crypto ventures. This open flood gate to unprecedented presidential corruption has already led to a money-for-access-dinner competition for top $TRUMP coin holders – won by a Chinese crypto billionaire and alleged fraudster who’d already seen a Trump SEC case against him paused after investing $75M in another Trump crypto venture – and the Qatar government gifting the administration a ‘palace in the sky’ jumbo jet which Donald Trump intends to transfer to the Trump Presidential Library Foundation after the end of his term, where it would be available for his own personal benefit. The potential for corruption runs stateside too, with a shipping logistics company dropping $20 million on the $TRUMP coin after admitting it was seeking to sway Trump’s tariff policies in its favor.
The new report follows Accountable.US’ findings that Hancock Prospecting, a foreign firm based in Australia owned by Australian mining magnate Gina Rinehart, has also opened a position worth millions of dollars in TMTG as Australian officials have encouraged the firm to lobby Trump for tariff exemptions for steel and aluminum imports to the U.S. – all raising serious questions of motive. Separately, Accountable.US found that Carlos De Miguel III, head of a Brazilian mining company owned by Rinehart, gave $250,000 to the Trump-Vance inauguration committee.
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