President Donald Trump has amassed a nearly $200 million war chest through the first six months of 2025, a gargantuan sum for a term-limited politician.

According to a Federal Election Commission filing submitted Thursday by MAGA Inc., Trump’s super PAC, the president raised roughly $177 million in the first six months of his second term in office. MAGA Inc. has more than $196 million on hand, and Trump and his allies signal he plans to spend heavily in the coming midterm election cycle.

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MAGA Inc.’s haul includes several multi-million dollar contributions from tech executives, including $5 million from a crypto group founded by Sam Altman, $6 million combined from Marc Andreessen and Ben Horowitz, and $5 million from political backer-turned-adversary Elon Musk, according to the New York Times.

Trump’s fundraising prowess has far surpassed that of other modern presidents. Priorities USA, a super PAC that supported former President Barack Obama during his political career, reported raising just $356,000 during the first six months of Obama’s second term and held roughly $3 million in reserves.

Republican operatives plugged into Trump’s political operation say that the president plans to spend heavily in the midterm elections, both against Democrats ahead of the November elections and in the Republican primaries themselves.

“I think President Trump has been abundantly clear on this issue,” one veteran Republican campaign official told the Washington Examiner, referencing Trump’s very public threats to primary Rep. Thomas Massie (R-KY) and other GOP lawmakers who have voted against his legislative agenda. “There’s still tons left to accomplish this term, and the president can’t have so-called Republicans opposing his policies on top of the typical resistance from radical Democrats.”

Some Republican officials, however, question whether or not Trump should put his grievances with his party aside and focus his campaign spending purely on fighting Democrats.

“A few million pumped into a race against Thomas Massie might not seem like a lot, in the grand scheme of things,” one campaign official assessed. “But that’s a few million that can’t be spent in a battleground race. The math on Capitol Hill is so close. I’d hate to see us wasting our bullets.”

Though Trump more than doubled Republican National Committee fundraising levels through the first two quarters of 2025, GOP officials note that the committee itself is limited by federal campaign contribution limits.

Trumpworld does appear to have a vested interest in supporting Republicans across the board, with Vice President JD Vance assuming the role of RNC finance chair in the spring of this year.

Since March, Vance, the first vice president to serve as RNC finance chairman, has held fundraisers in California, Georgia, Massachusetts, Montana, New York, Tennessee, Texas, and Wyoming.

Tuesday’s fundraisers in Jackson Hole, Wyoming, and Big Sky, Montana, took in more than $2 million apiece, while an event in Nantucket, Massachusetts, raised upward of $5 million, according to Vance aides.

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“When you’ve got someone like the VP headlining a fundraiser for you, you know there’s a higher level of enthusiasm,” one senior RNC official told the Washington Examiner. “It’s easier to get folks to them, and he’s just been a great partner. I mean, it truly has worked out phenomenally.”

“The numbers speak for themselves,” a second Republican official added. “We couldn’t ask for someone better.”