The staggering amount, disclosed in a filing with the Federal Election Commission, was driven by corporate America’s eagerness to win the president’s favor.

President Donald Trump raised $239 million for his inauguration in January, nearly four times the $62 million Joe Biden raised in 2021. Tech companies like Meta, Amazon, and Google each gave $1 million.

A slew of big donations of more than $1 million each led to a record haul for this year’s presidential inauguration fund. Some of the biggest outlays came from the tech, crypto, finance, and auto industries.