Elon Musk, Crypto Help Boost Trump Super PAC to New Heights

MAGA Inc. is boasting a $200 million warchest as the 2026 midterm elections heat up.

Donald Trump
John Locher/AP

President Donald Trump’s flagship super PAC is sitting on an unprecedented war chest as the 2026 midterm elections take shape.

The super PAC, MAGA Inc., boasts a cash balance of nearly $200 million, according to a report it filed late Thursday with the Federal Election Commission.

During the first six months of this year, the super PAC raised nearly $177 million, with numerous tech industry executives contributing six- and seven-figure sums. Some of the money arrived in the form of liquidated cryptocurrency payments, MAGA Inc.’s disclosure indicates.