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Donald Trump has bought shares. Three companies, a truly surprising timing. In the first quarter of 2026, the former American president increased his stakes in Coinbase, Strategy, and Mara Holding — and this, right in the midst of a crypto market that is struggling from all sides.
The three targeted companies are not unknown. Coinbase is the most well-known crypto exchange platform in the United States, the one that institutional investors look at as a sector barometer. Strategy, formerly MicroStrategy, has made Bitcoin accumulation its raison d’être for years. And Mara Holding is a publicly traded miner that has just made a rather unexpected move: the acquisition of Exaion, a former EDF subsidiary. Three different bets on the same thesis — that the crypto sector holds, even when prices plummet.
No public comment from Trump on this.
Mara Holding Swallows an EDF Subsidiary
The acquisition of Exaion by Mara Holding is probably the most interesting detail of this whole dossier. Exaion is not just any startup — it’s a structure that comes from the EDF group, the French energy giant. For a cryptocurrency miner, getting hold of this type of energy infrastructure changes the game. Bitcoin mining consumes a massive amount of electricity, and energy costs often make the difference between a profitable miner and one that sinks as soon as the BTC price drops.
Mara thus positions itself as an actor that better controls its cost chain. Not just a miner buying electricity on the spot market. This is a real competitive advantage, not marketing. And Trump chose to enter the capital right after this move — or at least in the same quarter. Coincidence or calculation? Not clear.
The absence of an official statement from the former president leaves quite a bit of uncertainty about the exact motivations. Speculation is inevitable.
Coinbase and the Bet on the Resilience of the US Market
Coinbase, on its side, is going through a complicated period. The crypto market suffered a significant drop in 2026, and exchange platforms are often the first to feel the wind turn — less volume, less transaction revenue, pressure on margins. Yet, Coinbase maintains its leading position in the American market. It’s the platform that institutional funds use, the one that obtained regulatory licenses where others failed or gave up.
Buying Coinbase shares in this context is somewhat betting that the exchange survives the storm and comes out stronger. Risky. But not irrational either, according to many sector observers.
And what about Strategy? The company has built its identity around Bitcoin accumulation. When BTC falls, Strategy falls with it — mechanically. Taking Strategy shares is basically exposing oneself to Bitcoin without buying Bitcoin directly. A proxy, in a way. Trump seems to have wanted diversified exposure: exchange, miner, BTC proxy. Three different angles on the same conviction.
No precise figures on the amounts invested in the source. The transactions are known, the exact amounts not really made public.
The market drop in 2026 has cooled many retail investors. Individuals have often sold, or at least stopped buying. And here, a former American president makes the opposite move — he enters. Like, he buys while others are leaving. It certainly catches the eye. Other investors will look at this and wonder if they’re missing something.
This is the kind of signal that circulates quickly in financial circles. Not because Trump is a blockchain expert — he probably isn’t — but because this type of visible move by a public figure of this caliber changes the risk perception for some. It normalizes the idea that one can buy crypto-adjacent in 2026 despite the volatility.
Mara Holding, with Exaion in the portfolio, now plays on two fronts: pure mining and blockchain-related energy infrastructure. It’s a diversification that may seem counterintuitive for a pure mining player, but makes sense when looking at the sector’s operational costs. Energy is always the heart of the battle for miners.
Trump has not responded to requests for comments — at least, no public statement has been made on these specific transactions at the time this information circulated.
Frequently Asked Questions
What companies did Donald Trump buy in Q1 2026?
Trump bought shares in Coinbase, Strategy, and Mara Holding in the first quarter of 2026, three major companies in the American crypto sector.
Why is Mara Holding’s acquisition of Exaion important?
Exaion is a former subsidiary of EDF, the French energy giant. Its acquisition by Mara Holding positions the miner as an actor with its own energy infrastructure, which can reduce its operational costs related to cryptocurrency mining.
Has Trump publicly commented on these investments?
No. No public comment has been made by the former president on these transactions, according to available information.
