Trump Invested Crypto Profits Into Stocks and Bonds, Filings Show

President Donald Trump’s financial disclosures reveal that even as he and his sons encouraged the public to invest in Trump-backed cryptocurrency projects — resulting in significant losses for retail buyers — his money managers were quietly channeling a substantial portion of his crypto proceeds into traditional stocks and bonds.

Portfolio of Traditional Assets Grew Fourfold

Trump received more than $1.4 billion in 2025 from his family’s crypto ventures, including World Liberty Financial and the Trump meme coin, according to filings with the US Office of Government Ethics. A Reuters analysis of his holdings over the past two years found that his portfolio of stocks and bonds increased at least fourfold as the crypto income poured in. By the end of 2025, Trump held between $703 million and $2.6 billion in traditional financial instruments, up from between $225 million and $608 million at the end of 2024.

The filings report holdings in ranges rather than exact figures, making it impossible to determine precisely how much of the crypto income was redirected into traditional assets. But nine digital asset experts who reviewed the Reuters analysis said the disclosures paint a clear picture.

“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 — through the sale of his meme coin and World Liberty tokens — but then invest his profits in traditional assets like stocks and bonds,” said Timothy Massad, director of the Digital Assets Policy Project at Harvard’s Kennedy School of Government and former chairman of the Commodity Futures Trading Commission.

Retail Investors Lost Billions on Trump Crypto Projects

The contrast between Trump’s personal financial strategy and his public advocacy for crypto is significant. A Reuters report last month found that retail investors in Trump’s four main crypto projects had collectively lost $2.3 billion as of April — even as Trump and his family continued to promote the projects publicly and generate hundreds of millions in personal income from token sales.

Trump’s son Eric Trump has repeatedly said in media interviews and at industry conferences that bitcoin is “the greatest asset” of modern times and would reach $1 million in value, up from around $64,000 at current prices. Eric Trump also said his father “believed in digital assets in a big way.”

Neither Eric Trump nor Donald Trump Jr. responded to requests for comment about the president’s investment choices as revealed in the disclosures.

Trump Retains Some Crypto Holdings

Trump’s disclosures show he has not exited digital assets entirely. He holds 15.75 billion World Liberty Financial governance tokens valued at more than $50 million, received as compensation for his co-founder role. He is subject to a longer vesting schedule than the general public before he can sell those tokens. The companies managing his interests in World Liberty and the Trump meme coin also held at least $160 million in bitcoin and ether — the two most widely held cryptocurrencies — and up to $6 million in other tokens at the end of 2025, a significant increase from the $1 million to $5 million in ether Trump held at the end of 2024.

Notably, Trump did not report having purchased shares in two publicly listed crypto companies backed by his sons Eric and Donald Jr. — a detail experts say reinforces the picture of a president who profits from crypto but does not use it as his primary personal store of wealth.

White House and Trump Organization Respond

A Trump Organization spokesperson said the disclosures demonstrate that the company “maintains a strong financial position, supported by world class, valuable assets, substantial liquidity and a conservative balance sheet,” without addressing why crypto proceeds were invested in traditional financial instruments. The White House said Trump’s assets are held in “fully discretionary accounts managed by independent third-party financial institutions.”