Trump moves crypto gains into traditional stocks and bonds

Financial filings with the U.S. Office of Government Ethics show that by the end of 2025, Trump held between $703 million and $2.6 billion in traditional financial instruments, a sharp increase from the $225 million to $608 million reported just one year prior. This reallocation suggests a personal hedge against the very digital assets he promotes to retail investors, who have faced significant losses in Trump-backed ventures like World Liberty Financial.

Experts note that the president’s portfolio strategy reflects a clear separation between his public rhetoric and his private risk management. Timothy Massad, former chairman of the Commodity Futures Trading Commission, observed that the filings depict a man who views crypto as a mechanism for generating quick liquidity rather than a primary store of long-term wealth. Despite holding substantial amounts of World Liberty governance tokens, the president’s business entities are simultaneously pivoting toward more stable assets.

The Trump Organization defended the portfolio, stating it maintains a conservative balance sheet and substantial liquidity, though it did not address the specific movement of funds out of crypto. Meanwhile, the White House maintained that the president’s assets remain in fully discretionary accounts managed by independent third parties, distancing the Oval Office from the specific daily trade decisions of his financial managers.