At least six members of former President Donald Trump’s cabinet have disclosed Bitcoin investments worth millions of dollars, according to their latest financial disclosures.
High-Profile Bitcoin Investors in Trump’s Cabinet
Based on financial disclosure reports from December 2024 and January 2025, several key members of Trump’s administration hold Bitcoin (BTC) assets either directly or through crypto-backed investment vehicles. The reports indicate that Bitcoin exposure among high-ranking officials is significant, reinforcing the growing acceptance of cryptocurrencies in government circles.
Among the disclosed holdings:
- Health and Human Services Secretary Robert F. Kennedy Jr. holds a Bitcoin Fidelity crypto account valued between $1 million and $5 million.
- Office of Management and Budget Director Russell Vought owns BTC in his personal Coinbase wallet, worth between $1,001 and $15,000. Vought has pledged to divest from his holdings.
- Treasury Secretary Scott Bessent has invested in the iShares Bitcoin Trust ETF, with a stake ranging between $250,001 and $500,000. He has committed to selling his holdings within 90 days of his confirmation in compliance with his ethics agreement.
Trump’s Push for Bitcoin Leadership
Previously, Trump claimed that members of the federal government were among the largest Bitcoin holders, and he vowed to make the United States a global Bitcoin superpower. This aligns with his administration’s increasing engagement with cryptocurrency adoption and regulation.
Additional Cabinet Members with Bitcoin Investments
Other prominent Trump cabinet members who have disclosed Bitcoin-related investments include:
- Director of National Intelligence Tulsi Gabbard holds a Bitwise Bitcoin ETF Trust worth $15,001 to $50,000. Additionally, she directly holds Bitcoin in the same valuation range. Like others, she has pledged to divest her Bitcoin holdings.
- Transportation Secretary Sean Duffy has $250,001 to $500,000 in Bitcoin and also owns a Gemini wallet containing BTC in the same range. Additionally, he has a Fidelity Wise Origin Bitcoin Fund valued between $50,001 and $100,000.
- Defense Secretary Pete Hegseth disclosed in December 2024 that he holds Bitcoin investments worth between $15,001 and $50,000.
Former Officials Divesting from Crypto
Earlier this month, AI and crypto czar David Sacks announced that he had sold all his cryptocurrency holdings before assuming his government role. While he did not specify the total value, he confirmed his portfolio included Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). His sale was reportedly part of a government ethics review process.
Bitcoin Price Update
As of March 13, 2025, Bitcoin’s price has risen over 1% in the past 24 hours, currently trading at $83,332. However, in the past week, the leading cryptocurrency has experienced a 9% decline, according to data from crypto.news.
The increasing Bitcoin exposure among Trump’s former cabinet members highlights the growing influence of cryptocurrency within political and economic circles. With some officials pledging to divest their holdings for ethical reasons, the discussion around government engagement with crypto continues to evolve. As the crypto landscape shifts, it remains to be seen how future administrations will approach Bitcoin regulation and adoption.
