Trump-Aligned MAGA Inc. Builds $400 Million War Chest Ahead of Midterm Elections

Trump-aligned super PAC MAGA Inc. reported more than $400 million in cash on hand at the end of June after raising nearly $100 million this year, according to new Federal Election Commission filings. While the group continues to attract major donations from billionaires and cryptocurrency investors, it has made limited direct spending on competitive midterm races so far. Additional campaign contribution data for the committee is available here.

• MAGA Inc. ended June with more than $400 million after beginning the year with roughly $300 million.
• June donors included NASA Administrator Jared Isaacman ($1 million) and Tyler and Cameron Winklevoss, who each contributed approximately $5 million in Bitcoin.
• The PAC has not directly supported a federal race since March, with recent spending largely limited to operating expenses and prior support for a Kentucky congressional primary.
• Republicans hold narrow House and Senate majorities heading into the November midterm elections, though MAGA Inc. officials have not disclosed when the fund will begin major advertising expenditures.

Relevant Companies

• Las Vegas Sands ($LVS) – Company employees were among the largest publicly disclosed contributors to MAGA Inc. during the 2026 cycle.
• Intercontinental Exchange ($ICE) – Employees made multi-million-dollar contributions to MAGA Inc., according to campaign finance filings.
• Coinbase ($COIN) – The cryptocurrency industry's political activity remains in focus as major crypto investors and executives continue to support MAGA Inc.

Editor’s Note: This is a developing story. This article may be updated as more details become available.