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

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.