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.