Pete Hegseth’s financial disclosure shows Bitcoin holdings of up to $65,000

News Editor

2026-09-25 15:35:30

U.S. Defense Secretary Peter Hegseth disclosed holding between $16,000 and $65,000 in Bitcoin, according to a newly released 2025 annual financial filing cited by Bitcoin Magazine. The filing says the Bitcoin is held in a Coinbase wallet, while one bank account contains $1 million in cash. Hegseth and his wife also reported retirement accounts with investments worth about $2.05 million to $4.35 million, including positions in Invesco QQQ Trust and Apollo Diversified Real Estate Fund. The disclosure also lists stock sales involving Amazon, Microsoft, and Apple. The report places Hegseth inside an administration described as the most crypto-friendly in U.S. history, noting that President Donald Trump pushed for the Clarity Act last month. It also contrasts Hegseth’s relatively small crypto position with the Trump family’s much larger digital asset income, which Trump said exceeded $1.4 billion personally, while a Reuters investigation said the family made $2.3 billion from four crypto ventures through the end of April 2026. Critics have raised conflict-of-interest concerns, which the White House has denied.

U.S. Defense Secretary Peter Hegseth holds Bitcoin, but his newly released 2025 annual financial disclosure shows far more cash than crypto on his balance sheet.

Pete Hegseth’s financial disclosure shows Bitcoin holdings of up to $65,000 2

According to Bitcoin Magazine, the filing shows Hegseth owns between $16,000 and $65,000 in Bitcoin. The document states that the holdings are kept in a Coinbase wallet. One bank account, by contrast, holds $1 million in cash.

Retirement accounts and stock sales listed in the filing

Hegseth’s Office of Government Ethics disclosure also shows that he and his wife hold retirement accounts containing investments worth roughly $2.05 million to $4.35 million.

Among the investments listed are exchange-traded funds such as the Invesco QQQ Trust and the closed-end fund Apollo Diversified Real Estate Fund. The filing also records transactions that included sales of Amazon, Microsoft, and Apple stock.

Disclosure lands in a crypto-friendly administration

Bitcoin Magazine noted that Hegseth was appointed Defense Secretary in January 2025. The report describes the current administration as the most crypto-friendly the United States has had. It also says President Donald Trump, backed by major figures in the digital asset industry, pushed last month for the Clarity Act to pass.

Smaller crypto position than the Trump family

Hegseth’s Bitcoin holdings are modest next to the Trump family’s crypto-related earnings, the report said. Since Trump took office, the family has made billions from crypto ventures.

Trump personally disclosed that he made more than $1.4 billion from the family’s digital asset businesses, making crypto his largest source of income, ahead of real estate and legal settlements. Reuters reported this year that the Trump family, including Eric Trump and Donald Trump Jr., made $2.3 billion from four crypto ventures through the end of April 2026.

Conflict-of-interest criticism remains

Critics, including Democrats, have accused Trump of profiting from crypto while shaping policy around it. The White House has repeatedly denied any conflict of interest. Trump, for his part, has pointed to stock trading by members of Congress, especially Nancy Pelosi, and called for a ban on the practice.

The story first appeared in Bitcoin Magazine and was written by Mathew Di Salvo.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

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