U.S. Defense Secretary Pete Hegseth disclosed Bitcoin holdings worth $16k–$65k in a Coinbase wallet.
Macro & Markets ·
U.S. Defense Secretary Pete Hegseth maintains Bitcoin holdings stored in a Coinbase wallet, according to his annual financial disclosure filed with the Office of Government Ethics for 2025. Two separate entries within the same wallet position his total crypto allocation between approximately $16,000 and $65,000, with both entries recorded as capital gains.
The Bitcoin holdings appear in the assets section but do not surface in the transactions log, which captures trades exceeding $1,000. This suggests Hegseth neither purchased nor sold Bitcoin above that threshold during the reporting year. His broader financial profile includes over $3.1 million across cash and retirement accounts—notably one U.S. bank account holding more than $1 million—alongside index fund investments held by both him and his wife. The filing also documents two mortgages on a personal residence, each valued between $1,000,001 and $5,000,000.
The cryptocurrency position remains modest relative to other senior administration officials. The disclosure raises no questions about when the Bitcoin was acquired or under what circumstances the Coinbase wallet was established, leaving those particulars undisclosed.