Woofun AI reports that cryptocurrency exchange Gemini transferred approximately $10 million worth of Bitcoin to MAGA Inc., a super PAC supporting former US President Donald Trump. The donation was executed in two installments on June 19, each exceeding $5 million, as documented in filings with the US Federal Election Commission (FEC).

This contribution follows a joint motion filed by the CFTC and Gemini with the US District Court for the Southern District of New York to vacate a $5 million settlement agreement from January 2025 regarding alleged false statements. MAGA Inc. may utilize these funds for independent political expenditures supporting Donald Trump. Previously, the Winklevoss brothers donated $1 million each to Trump's 2024 campaign and contributed $21 million in Bitcoin to the Digital Freedom Fund PAC. As of June 30, MAGA Inc. has reported receiving over $397 million.