Trump Funds Raising Campaign Receives a Fillip After Guilty Verdict, $34.8 Million Windfall
Presidential hopeful Donald Trump may have been pronounced guilty on 34 felony charges but it has not dampened the enthusiasm of his supporters who have shown their support by contributing money to his campaign.
After his conviction, Donald Trump’s campaign claimed on Friday that it had raised more than $34 million immediately.
Trump’s first campaign email read-
“I was just convicted of a RIGGED political Witch Hunt trial: I DID NOTHING WRONG,”
The dramatic upturn in the money inflow into Trump’s joint fundraising committee even caused the site to crash. The joint committee shares some of its funds with the Republican National Committee.
Trump’s campaign wrote in an X post on Thursday-
“So many Americans were moved to donate to President Trump’s campaign that the WinRed pages went down. We are working on getting the website back online as quickly as possible.”
A major chunk of donations came from Silicon Valley tech investors in the funds that started flowing from Thursday night.
This includes a massive $300,000 to the Trump campaign donation by Shaun Maguire, an investor for Sequoia Capital.
Shaun Maguire shared the details on X but did not reveal the other investors who are considering contributing to the Trump fundraising effort.
Shaun’s sentiments were also shared by David Sacks, a venture capitalist who will be organizing a fundraiser for Trump next month.
He also added that the Silicon Valley donors are shifting their allegiance to Donald Trump.
Sacks said in an X post-
“After Biden’s disastrous presidency, Trump has a lot of supporters in Silicon Valley; many are just afraid to admit it. But with each act of courage, like this one, the dam begins to break.”
This is not the first time that Trump’s fundraising campaign benefited positively from his conviction.
After Trump surrendered to the Fulton County jail last August in a separate case, his campaign brought in more than $7 million in donations.
Trump’s meme coin in which he holds a substantial stake has also surged phenomenally after dipping just after the verdict.
Trump is a supporter of the Blockchain-based cryptocurrency sector and it is expected that he will receive massive support from this sector.
