Trump shifts crypto gains into stocks and bonds as portfolio quadruples
A massive $1.4 billion crypto windfall has been diverted into conventional markets, revealing a conservative wealth strategy that contrasts sharply with the US president's public advocacy for digital assets.
US President Donald Trump expanded his stock and bond portfolio at least fourfold last year, channelling earnings from his cryptocurrency ventures into traditional financial instruments. His holdings in conventional assets reached a value between $703 million and $2.6 billion at the end of 2025, up from $225 million to $608 million a year earlier.
This shift coincided with more than $1.4 billion in income generated from crypto-related businesses, including World Liberty Financial and a Trump-branded meme coin. Because federal ethics disclosures report asset values in broad ranges, the exact proportion of digital asset profits redirected into equities and fixed income remains unclear.
The allocation strategy highlights a notable divergence between the president's personal risk management and his political positioning. Digital asset analysts who reviewed the filings noted that the investment pattern indicates Trump does not use cryptocurrencies as a primary store of wealth, relying instead on lower-risk traditional instruments.
Trump has not entirely abandoned the digital sector. He retains a substantial stake in World Liberty Financial, holding 15.75 billion governance tokens valued at over $50 million. These tokens, awarded for his role as a co-founder, are subject to longer vesting schedules than those available to retail investors.
The disclosures also reveal he holds no investments in two publicly traded cryptocurrency companies backed by his sons, Eric Trump and Donald Trump Jr. This absence of direct exposure contrasts sharply with the family's public rhetoric. Eric Trump has repeatedly promoted Bitcoin at industry conferences, stating last year that his father "strongly believed in digital assets."
The president's financial manoeuvring occurs alongside mounting scrutiny over the performance of his crypto projects. Retail investors in four major Trump-backed digital asset ventures have collectively lost approximately $2.3 billion as of April. The White House stated that the president's assets are managed through fully discretionary accounts overseen by independent third-party financial institutions. A World Liberty Financial spokesperson, David Wachsman, defended the firm's trajectory, stating the company "believes digital asset technology will play a central role in the future of financial services."
