President Donald Trump’s latest financial disclosures reveal a striking contrast: while he and his two eldest sons were publicly urging investors to put their money into cryptocurrency projects, his own financial managers were quietly shifting a large portion of those earnings into more conservative investments.
According to filings submitted to the U.S. Office of Government Ethics, Trump took in more than $1.4 billion last year from his family’s crypto ventures, including World Liberty Financial and the Trump meme coin.
A Reuters review of his financial holdings over the past two years found that his stock and bond portfolios grew at least fourfold during the same period that crypto revenues were pouring in. By the end of 2025, Trump held between $703 million and $2.6 billion in traditional financial assets — a dramatic jump from the $225 million to $608 million he reported at the close of 2024. The filings use value ranges rather than exact numbers, so a precise breakdown of how the crypto earnings were redistributed could not be determined.
Nine digital asset experts who reviewed the Reuters analysis concluded that Trump’s personal financial behavior suggests he does not view cryptocurrency as a reliable long-term place to store his wealth. Notably, he did not report purchasing shares in two publicly traded crypto companies backed by his sons Eric Trump and Donald Trump Jr.
Timothy Massad, director of the Digital Assets Policy Project at the John F. Kennedy School of Government at Harvard University — and a former chairman of the Commodity Futures Trading Commission under President Barack Obama — offered a pointed assessment. “Although the President talks about digital assets as the frontier of finance and making the United States the crypto capital of the world, the disclosure form suggests his personal strategy is to make a quick buck from crypto — through the sale of his meme coin and World Liberty tokens — but then invest his profits in traditional assets like stocks and bonds,” Massad said.
A Reuters report published last month found that retail investors who put money into the four main Trump-endorsed crypto projects had collectively lost $2.3 billion as of April.
Trump’s filings do show he still holds a substantial amount of digital tokens. As of the end of last year, he held 15.75 billion World Liberty crypto governance tokens valued at more than $50 million — tokens he received in exchange for his role in the company. As a co-founder, he faces a longer waiting period before he can sell those holdings compared to the general public.
The companies managing Trump’s stakes in World Liberty Financial and the Trump meme coin project held at least $160 million in bitcoin and ether — the two most widely used cryptocurrencies — along with up to $6 million in other tokens at the end of 2025. That represents a significant increase from the $1 million to $5 million in ether he reported holding at the end of 2024.
A spokesperson for the family business said in a statement that the president’s financial disclosure “demonstrates that The Trump Organization continues to maintain a strong financial position, supported by world class, valuable assets, substantial liquidity and a conservative balance sheet.” The spokesperson did not address why crypto proceeds were being moved into traditional financial instruments.
The White House told Reuters that the president’s assets are held in “fully discretionary accounts managed by independent third-party financial institutions.”
A World Liberty spokesman, David Wachsman, stated: “World Liberty has been built for the long-term and we strongly believe the future of financial services will be architected with digital asset technology.”
Trump’s children oversee the trust that holds the president’s assets and have been among the loudest champions of his crypto projects. Since November 2024, Eric Trump — who heads the Trump Organization — has repeatedly told media outlets and conference audiences that bitcoin is “the greatest asset” of the modern era and predicted it would eventually reach $1 million in value, compared to roughly $64,000 at current prices. Eric Trump also said last year that his father “believed in digital assets in a big way.”
Neither Eric Trump nor Donald Trump Jr. responded to requests for comment regarding the president’s investment decisions.
