Fact Check: Did Trump buy millions in Axon stock before ICE sought a $220M Taser deal?

WASHINGTON, DC: An anti-MAGA X (formerly Twitter) user shared a post claiming that President Donald Trump bought millions of dollars' worth of Axon stock just two weeks before US Immigration and Customs Enforcement (ICE) sought a $220 million contract to purchase Tasers from the company. 

The post suggested the timing raised serious questions about insider trading and alleged that the Republican leader was profiting off the presidency. Let’s fact-check the claim.

Claim: Trump bought millions of dollars' worth of Axon stock

On June 29, an X user, @MAGALieTracker, made a post claiming that new reporting from CNBC revealed President Donald Trump bought millions of dollars' worth of Axon stock.

The post began, "BREAKING: Bombshell new reporting from CNBC reveals that Trump bought millions in Axon stock just two weeks before ICE sought a $220,000,000 deal to buy tasers from Axon."

"This raises serious questions about insider trading as Trump continues to profit off of the presidency," it added. 

The report quickly drew scrutiny over the timing of Trump's disclosed stock purchase and ICE's contract solicitation during his current presidency. It also fueled broader debate over presidential financial transparency, potential conflicts of interest, and the effectiveness of ethics rules governing elected officials' investments.

Fact Check: True, Trump purchased $1 million to $5 million worth of Axon stock

The claim is true. Trump's February 10, 2026, financial disclosure shows that he purchased $1 million to $5 million worth of Axon Enterprise stock. Public filings from the US Office of Government Ethics (OGE) confirm the purchase.

On February 24, 2026, US Immigration and Customs Enforcement (ICE) issued a $220 million, five-year solicitation for Tasers. Procurement experts said the solicitation's specifications closely matched Axon's TASER 10, making the company the likely dominant supplier for the contract. The contract has yet to be awarded.

However, no public evidence shows that Trump engaged in illegal insider trading or influenced ICE's procurement process. The White House has maintained that Trump's assets are held in a trust managed independently and that he does not direct investment decisions.

Even so, ethics experts and financial watchdogs have questioned the close timing between Trump's stock purchase and ICE's solicitation. They also noted that the procurement requirements appeared to favor Axon, the agency's incumbent supplier.

The White House and representatives for the Trump family have denied any wrongdoing. A spokesperson said Trump acts solely in the best interests of the American people, while Eric Trump stated that independent third-party financial institutions manage the family's investments without any input from the Trump family.