At least six former cabinet members of President Donald Trump reportedly hold Bitcoin, either directly or through investment vehicles like crypto-backed ETFs.
This information comes from public financial disclosures from December 2024 and January 2025.
Health and Human Services Secretary Robert F. Kennedy Jr. has reported in his public financial disclosure that he holds a Bitcoin Fidelity crypto account valued between $1 million and $5 million. Meanwhile, Office of Management and Budget Director Russell Vought disclosed that he owns Bitcoin worth between $1,001 and $15,000 in his Coinbase wallet. Vought has pledged to divest his holdings.
Treasury Secretary Scott Bessent also disclosed in his public financial statement that he owns a stake in the iShares Bitcoin Trust ETF, valued between $250,001 and $500,000. By his ethics agreement, Bessent has pledged to divest this investment within 90 days of his confirmation.
Director of National Intelligence Tulsi Gabbard likewise reported investments in Bitcoin-related assets, including a Bitwise Bitcoin ETF Trust valued between 15,001 and 50,000, alongside direct Bitcoin holdings within the same range. Gabbard also committed to divesting from her Bitcoin assets.
Similarly, Transportation Secretary Sean Duffy reported Bitcoin investments valued between 250,001 and 500,000 and a Gemini wallet holding BTC within the same range. In addition, he owns a Fidelity Wise Origin Bitcoin Fund worth between 50,001 and 100,000. Defense Secretary Pete Hegseth also disclosed holding Bitcoin funds valued between 15,001 and 50,000.
Meanwhile, Bitcoin prices have slightly increased by over 1% in the last 24 hours to trade at approximately 83,332. Crypto investment products have also witnessed significant inflows, as CoinShares reported on January 27 that nearly 2 billion poured into such products last week, bringing the year-to-date total to 4.8 billion. Bitcoin led the way with 1.6 billion inflows, accounting for 92% of the total. Additionally, Short-Bitcoin ETFs saw inflows of 5.1 million, likely from traders hedging against potential pullbacks following Bitcoin’s recent rally.
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