U.S. Defense Secretary Pete Hegseth has disclosed Bitcoin holdings worth between roughly $16,000 and $65,000, offering a glimpse into the personal investments of a senior Trump administration official. His 2025 annual financial disclosure lists the cryptocurrency in a Coinbase wallet alongside substantially larger holdings in cash and conventional investments. The filing comes as the administration continues to pursue crypto-friendly policies while scrutiny remains around officials’ and the Trump family’s financial exposure to digital assets.
Bitcoin remains a small holding
Hegseth reported Bitcoin through two separate entries, valued at $15,001 to $50,000 and $1,001 to $15,000. Combined, those ranges put his disclosed holdings between $16,002 and $65,000, with capital gains listed as the type of income associated with the assets.
No Bitcoin purchases or sales exceeding $1,000 were separately identified for 2025. Financial disclosure requirements apply only to transactions above certain thresholds, meaning smaller trades could not be confirmed from the documents.
Traditional assets make up a much larger part of Hegseth’s disclosed finances. More than $1 million was held in one bank account, while two additional bank accounts were listed. Hegseth and his spouse also held between $2.05 million and $4.35 million in retirement investments, with money invested in the Invesco QQQ Trust and various Avantis funds.
Crypto ties draw scrutiny
Other disclosed transactions included sales of individual stocks in companies such as Amazon, Microsoft and Apple. Hegseth’s relatively modest Bitcoin position contrasts with the much larger crypto-related business interests reported by President Donald Trump.
Trump disclosed more than $1.4 billion in income connected to family crypto ventures in his 2025 financial filing, including World Liberty Financial and his memecoin. Separately, Reuters estimated that four major crypto businesses generated around $2.3 billion in profit for the Trump family by the end of April 2026.
Critics have raised potential conflict-of-interest concerns as the administration advances crypto policies while Trump’s family maintains substantial digital asset businesses. The White House has denied those claims, while Hegseth’s disclosure by itself does not establish any connection between his Bitcoin investment and administration policy.
