Trump-aligned MAGA Inc builds stockpile of more than $400 million

MAGA Inc, a campaign funding group aligned with U.S. President Donald Trump, has amassed more than $400 million, which the Republican leader's allies will hope ‌to use ⁠for ⁠the midterm elections.

Here are the details:

A filing with the Federal Election Commission showed the super political action committee, which began the year with $300 million, had funds of more ⁠than $400 million ‌by the end of June.


In June, MAGA Inc ⁠raised $1 million from NASA administrator Jared Isaacman and $10 million from billionaires Tyler Winklevoss and Cameron Winklevoss, who liquidated bitcoin for the contributions, the filing showed.

Republicans hold narrow majorities in the House of Representatives and ‌the Senate heading into the November midterm elections.

MAGA Inc ​spent nearly $377 ​million ⁠in the 2024 elections, which Trump won.

In the months leading to the midterm vote, Trump's approval rating has been weighed down by the unpopular U.S.-Israeli war on Iran and high energy prices.