President Donald Trump has been investing considerable time and money in the stock market recently, including a stake in a major Austin-based tech company.
According to an X account called Donald Trump Stock Tracker, the President recently bought several shares of CrowdStrike, a cybersecurity firm responsible for one of the largest global computer outages in recent memory. Per the account, Trump “added in a larger $100k to $250k purchase.” The tracker has spotted several investments and sell-offs in recent weeks, with the majority of them in the cybersecurity sector.
For those unfamiliar, CrowdStrike was the company behind one of several global tech outages in recent years. In 2024, a software upgrade caused several issues, ranging from shutdowns of air carrier check-in processes to disruptions at major U.S. ports, primarily affecting devices running Microsoft’s Windows operating system. In total, more than 8.5 million computers globally were affected by the outage.
CrowdStrike moved its headquarters from Sunnyvale, California, to Austin in 2021. Despite having offices across the globe, the company designated its Austin location as its primary hub.
In recent years, CrowdStrike president and CEO George Kurtz has been dabbling in different ventures outside of computer security. Last year, he joined the Mercedes-AMG Petronas F1 Team with a $300 million investment.
According to a review of his annual financial report, Trump’s investment advisers made 21,000 securities trades during his first year in office, many in companies directly tied to deals with his administration. By comparison, former President Joe Biden made only 13 trades during his entire tenure.
Trump’s interest in the company isn’t new. The company came up in a 2019 phone call between Trump and Ukrainian President Volodymyr Zelenskyy. It was also named as part of the Russian investigation into interference in the 2016 election, as the Democratic National Committee paid the company to investigate a hack of its server. Trump, in his phone call with Zelensky, suggested that Ukraine, not Russia, was tied to election interference claims. Despite Trump’s claims at the time, CrowdStrike stood by its report that Russia was behind the server hack.
Last week, CrowdStrike announced it was one of the companies participating in the Trump Accounts program, the child savings account program touted by the Trump Administration as a way to help more Americans save for their children’s future goals and milestones.