Hegseth's 2025 Disclosure Shows Up to $65,000 in Bitcoin, Less Than His $1 Million Cash Account
Hegseth's disclosure lists bitcoin held in a Coinbase wallet
U.S. Secretary of Defense Pete Hegseth holds between $16,000 and $65,000 in bitcoin, according to his newly released 2025 annual financial disclosure. The same filing shows a bank account holding $1 million in cash, so he holds more cash than bitcoin.
The bitcoin is kept in a Coinbase wallet, the filing states. A crypto wallet is software or hardware used to store the keys that give access to digital assets.
Hegseth was appointed Defense Secretary in January 2025.
Key numbers in the filing
- Bitcoin: between $16,000 and $65,000.
- Cash: $1 million in a bank account.
- Retirement accounts for Hegseth and his wife: investments worth roughly $2.05 million to $4.35 million.
Funds and stock sales also listed
The filing lists investments including exchange-traded funds such as the tech-heavy Invesco QQQ Trust. An exchange-traded fund, or ETF, is a fund that trades on a stock exchange, similar to a stock. It also lists the closed-end fund Apollo Diversified Real Estate Fund.
Transactions reported in the filing include sales of Amazon, Microsoft and Apple stock.
How his holdings compare with the Trump family's crypto earnings
Bitcoin Magazine describes Hegseth as part of the most crypto-friendly administration the U.S. has had. According to the report, President Donald Trump was backed by digital asset industry figures and last month pushed for landmark crypto legislation, the Clarity Act, to pass.
Hegseth's crypto holdings are modest compared with the Trump family's. Trump personally disclosed that he had made more than $1.4 billion from the family's digital asset ventures, the report says, making crypto his largest income source and far ahead of real estate and legal settlements.
His family, including sons Eric and Donald Jr., made $2.3 billion from four crypto ventures through the end of April 2026, according to a Reuters investigation reported this year.
Criticism of Trump's crypto ties and the White House response
Critics, including Democrats, have accused Trump of profiting from crypto while shaping policy on it. The White House has consistently denied any conflicts of interest, according to the report. Trump has pointed to stock trading by members of Congress, particularly Nancy Pelosi, and called for a ban on the practice.
What the filing confirms and what it leaves open
The disclosure confirms that Hegseth reported bitcoin holdings in the $16,000 to $65,000 range and $1 million in a bank account, and that the bitcoin is held in a Coinbase wallet.
The filing reports ranges rather than exact values, so the precise amount of his bitcoin and retirement investments is not stated. The figures on Trump's and his family's crypto earnings come from Trump's own disclosure and from a Reuters investigation, rather than from Hegseth's filing.
Sources
Newisty Editorial Team covers technology, cryptocurrency, digital products, online platforms, developer tools and the wider digital economy. Our content is researched from official sources, company announcements, public documentation, market data and other primary or reputable sources. Articles are reviewed and edited before publication for clarity, accuracy and useful context.