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Trump Puts Crypto Gains Into Stocks and Bonds

Reuters says Trump’s crypto gains flowed mostly into stocks and bonds, while his WLFI tokens and Bitcoin and Ethereum holdings remain politically sensitive in Washington.

By Zenz van der Wielen
• 2 min read
Trump Puts Crypto Gains Into Stocks and Bonds

Key Takeaways

  • Trump moved a large share of his crypto gains into stocks and bonds last year, according to his financial disclosures.
  • Reuters found that his traditional investments surged over two years, reaching a value between $703 million (€615 million) and $2.6 billion (€2.3 billion) by the end of 2025.
  • In 2025, Trump reported more than $1.4 billion in crypto income, while his family interests and crypto policy continue to face political scrutiny.

President Donald Trump shifted a large portion of his crypto gains into stocks and bonds last year, according to an analysis of his latest financial disclosures. The filings suggest a president who is openly pro-crypto, but not one who appears to rely on it as the core of his wealth.

Portfolio Grows Fast

Reuters reviewed Trump’s holdings over the past two years and found that his stock and bond positions expanded by at least four times. By the end of 2025, those traditional investments were worth between $703 million (€615 million) and $2.6 billion (€2.3 billion), according to the disclosures, up from a range of $225 million (€197 million) to $608 million (€532 million) a year earlier.

Timothy Massad, the former chair of the Commodity Futures Trading Commission, said the numbers point to a strategy focused on fast gains. In his view, Trump appears to be making money in crypto and then moving the proceeds into more traditional assets like stocks and bonds.

The White House said Trump’s wealth is held in fully discretionary accounts run by independent third parties. That means the filings do not, by themselves, show that he personally made the allocation.

Crypto Still Raises Political Questions

The documents also show that Trump still held 15.75 billion WLFI governance tokens at the end of 2025, worth more than $50 million (€43.8 million). His companies also held at least $160 million (€140 million) in Bitcoin and Ethereum at that time. That marks a sharp increase from the $1 million (€0.9 million) to $5 million (€4.4 million) in ETH he reported at the end of 2024.

In 2025, Trump also reported more than $1.4 billion in income from crypto-related activity, including $635 million (€556 million) from a licensing deal tied to the TRUMP meme coin and $525 million (€460 million) from token sales by World Liberty Financial, the crypto company he launched with his sons. At the same time, his role in the sector remains politically sensitive, since his family interests overlap with his influence over federal crypto policy.

Why This Matters

For European crypto readers, the main point is that politics, regulation, and private crypto income are now tightly linked in the U.S. The debate in Washington over conflicts of interest could also shape the wider conversation around oversight of tokens, meme coins, and stablecoins. In that sense, Trump’s disclosures are more than a political headline. They also offer a glimpse into how the industry is being viewed in Washington.

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