TLDR
- Trump reported more than $1.4B in crypto income for 2025.
- His stock and bond portfolio rose sharply during the year.
- Trump held 15.75B World Liberty governance tokens.
- Trump-linked firms held at least $160M in Bitcoin and Ether.
- The White House said Trump’s assets are managed by third parties.
President Donald Trump reported more than $1.4 billion in income from crypto-related projects in 2025, while his disclosure filings showed a sharp increase in traditional holdings such as stocks and bonds.
Trump Portfolios Rose as Crypto Income Increased
Trump’s financial disclosures filed with the U.S. Office of Government Ethics showed income from projects including World Liberty Financial and the Trump meme coin. The filings reported asset values in broad ranges, making exact allocations unclear.
A review of the filings showed Trump held between $703 million and $2.6 billion in stocks and bonds at the end of 2025. That was up from between $225 million and $608 million at the end of 2024.
The filings do not show exactly how crypto income was invested. However, the increase in traditional financial assets came during the same year Trump reported major crypto-related proceeds.
Digital asset experts reviewed the filings and raised doubts about whether Trump personally treats crypto as his main store of wealth. Timothy Massad, director of the Digital Assets Policy Project at Harvard Kennedy School and former CFTC chair, said,
“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.”
Massad added that Trump appeared to invest profits in “traditional assets like stocks and bonds.” His comments reflect one interpretation of the filings, not a statement from Trump or his representatives.
Trump Still Holds Digital Asset Exposure
The disclosure also showed Trump retained exposure to digital assets. At the end of 2025, he held 15.75 billion World Liberty Financial governance tokens listed at a value of more than $50 million.
Trump received the tokens for his role in the company. As a co-founder, he is subject to a longer vesting schedule than the general public for selling those personal holdings.
Trump-linked companies managing his interests in World Liberty Financial and the Trump meme coin project held at least $160 million in Bitcoin and Ethereum at the end of 2025. The filings also showed up to $6 million in other tokens.
That marked an increase from the $1 million to $5 million in Ether tokens Trump reported at the end of 2024. The data shows Trump’s overall crypto exposure increased, even as his portfolios of stocks and bonds also grew.
A Trump Organization spokesperson said the 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 White House said Trump’s assets are held in “fully discretionary accounts managed by independent third-party financial institutions.” The statement did not detail how crypto proceeds were invested.
Crypto Promotion Draws Scrutiny
The filings come as Trump and his family continue to promote digital asset projects. Eric Trump, who runs the Trump Organization, has repeatedly described Bitcoin as “the greatest asset” of modern times and has said it could reach $1 million.
He also said last year that his father “believed in digital assets in a big way.” Trump has publicly supported crypto policy and has said the United States should become a leading hub for digital assets.
A spokesperson for World Liberty Financial, David Wachsman, said, “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.”
