Trump reports $1.4 billion in crypto revenue and transfers $2.6 billion to stocks and bonds

Donald Trump and his family have accumulated more than $1.4 billion from cryptocurrency-related businesses throughout 2025, yet his latest wealth report shows that most of his assets still hold stocks and bonds.

Shifts in Trump's wealth strategy

Trump and his sons Donald Trump Jr. and Eric Trump launched multiple digital asset projects to investors during the year. It was reported that many of those who purchased these items suffered significant losses as the cryptocurrency market fluctuated after initial publicity, causing its value to fall.

Despite making considerable revenue from token sales and crypto projects, records show that Trump's investment advisers have allocated a large portion of his growing wealth into traditional financial assets that have historically been less volatile than digital currencies.

A financial disclosure filed with the U.S. Office of Government Ethics details the sources of revenue from World Liberty Financial and a Trump-themed Meme coin. At the end of 2025, the former president's stocks and bonds were worth between $703 million and $2.6 billion. By comparison, the figure was only $225 million to $608 million at the end of the previous year. The increase suggests a rapid expansion of assets, with the lowest reported value alone more than tripling in 12 months.

Federal ethical disclosures present value on a broad scale, making it difficult to track specific transfers between assets or attribute sporadic crypto sales to specific investments. These tables summarize assets held directly and assets managed through companies with Trump interests.

Nine independent digital asset analysts reviewed the documents and concluded that Trump still holds large amounts of cryptocurrency. However, they noted that while his family has received huge amounts of money from token-related businesses, his main financial growth has come from more traditional market instruments such as stocks and bonds.

Details of Trump's cryptocurrency exposure

Trump also has no record of purchasing shares of two publicly traded crypto companies related to Donald Jr. and Eric Trump, and these companies are not mentioned in the 2025 documents. However, the report described his overall exposure to cryptocurrencies through tokens and company-related assets to be much greater.

As of the end of 2025, Trump holds 15.75 billion World Liberty governance tokens worth more than US$50 million. He received the tokens as the founder of World Liberty Financial, a project he co-sponsored with his son. His token allocation is limited to a long vesting period, which means the assets cannot be sold as quickly as assets held by other investors.

The entities overseeing Trump's crypto projects-mainly World Liberty Financial and Trump Meme Coin-held at least $160 million in Bitcoin and Ethereum, as well as up to $6 million in other token combinations at the end of the year. These assets represent a significant increase from the reported Ethereum holdings of only US$1 million to US$5 million the previous year. Figures for 2025 include Trump's personal accounts and business holdings managed through his corporate structure.

Small Dictionary

World Liberty Financial is a crypto project founded by Donald Trump and his son that issues governance tokens that give holders a say in the platform's direction and governance decisions. The vesting period is a restriction that delays the time when these tokens can be sold or transferred.

End of 2024: Stock and bond holdings are US$225 million to US$608 million, and cryptocurrency holdings are US$1 million to US$5 million (Ethereum). End of 2025: Stock and bond holdings are US$703 million to US$2.6 billion, cryptocurrency holdings are US$160 million (Bitcoin and Ethereum) plus up to US$6 million in other tokens.

Senators request investigation into foreign influence

After Trump's 2025 financial disclosures were released on June 30, five senior Senate Democrats called for a congressional hearing on national security risks related to Trump's cryptocurrency transactions, particularly those involving foreign donors and investors.

Senators Elizabeth Warren, Richard Blumenthal, Gary Peters, Dick Durbin and Ron Wyden specifically requested a Republican-chaired committee to review possible external impacts on Trump's crypto business.

Senators said the president's cryptocurrency-related disclosures "heightened concerns about efforts to promote legislation that benefits the industry, regulatory exemptions for cryptocurrencies and service providers, and weakening enforcement actions, including the dissolution of the Department of Justice's National Cryptocurrency Enforcement Team."

In the letter, senators estimated that the Trump family earned approximately $1.4 billion from crypto projects in the first year of his second term. They questioned Trump's main revenue from World Liberty Financial and cited reports describing a group linked to United Arab Emirates national security adviser Sheikh Tahnoun bin Zayed Al Nahyan buying a 49 percent stake.

Trump's document also mentions unnamed "third parties" involved in his encryption business, but does not provide further identifying information. Lawmakers said a thorough hearing was needed to investigate potential national security issues related to the undisclosed foreign investors.