According to White House releases and reporting by major outlets, private crypto and tech donors are paying for a new 90,000-square-foot ballroom that US President Donald Trump has pushed to build on the site of the East Wing. The project’s price has been revised upward to about $300 million, and the administration says no taxpayer funds will be used.
Private Money Funds Massive Ballroom
Reports have listed a long roster of backers from several industries who are funneling money through a nonprofit charity.
The Trust for the National Mall is being used as the conduit, and White House officials and outside reporting say donations will cover construction costs rather than federal appropriations.
The Trust has longstanding ties to park projects, but critics have flagged the scale and speed of this fundraising drive.
Major corporate names appear on the donor list. Based on reports, tech firms including Amazon, Apple, Google, Meta Platforms and Microsoft are among the contributors.
Crypto companies such as Coinbase, Ripple and Tether are also listed, alongside tobacco companies like Altria and Reynolds American, and defense contractors such as Lockheed Martin.
“I am pleased to announce that ground has been broken on the White House grounds to build the new, big, beautiful White House Ballroom… The White House Ballroom is being privately funded by many generous Patriots, Great American Companies, and, yours truly.” – President Trump pic.twitter.com/GibeLevvFP
— The White House (@WhiteHouse) October 20, 2025
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Author: Christian Encila
