Donald Trump’s latest financial filings with the US Office of Government Ethics reveal that he earned more than $1.4 billion from his family’s crypto businesses in 2025. Instead of keeping those profits entirely in digital assets, he invested a large portion into traditional stocks and bonds, according to a review by Reuters.
The filings show that Trump’s traditional investment portfolio grew at least four times over the past two years. By the end of 2025, his stock and bond holdings were estimated to be worth between $703 million and $2.6 billion, up from $225 million to $608 million a year earlier. While exact figures are not provided, financial experts say the documents clearly indicate a preference for moving crypto earnings into more stable, conventional investments.
Most of the crypto income came from World Liberty Financial and the Trump meme coin, which became major revenue sources during the year. Despite the shift, Trump continues to hold significant crypto assets: the filings show he owns 15.75 billion World Liberty Financial governance tokens valued at over $50 million, and companies linked to him hold at least $160 million in Bitcoin and Ether, along with up to $6 million in other digital tokens.
Timothy Massad, director of Harvard University’s Digital Assets Policy Project and former chairman of the Commodity Futures Trading Commission, commented: “The filings show an interesting investment strategy.” He believes Trump earned large profits from crypto projects and then placed much of that money into stocks and bonds for greater financial stability.
The White House stated that Trump’s assets remain in accounts managed by independent financial institutions. The Trump Organization said the filings reflect a strong financial position with valuable assets and healthy liquidity, but did not explain why much of the crypto income later appeared in traditional investments. World Liberty Financial emphasized its commitment to digital assets, saying the company “continues building for the future and believes digital assets will play a major role in financial services over the coming years.”
The disclosures come amid reports that retail investors in four Trump-backed crypto projects had lost about $2.3 billion by April, increasing criticism from some lawmakers who question the ethics of public officials profiting from crypto while supporting friendly policies for the industry. Eric Trump continued promoting Bitcoin throughout the year, calling it one of the world’s strongest financial assets, even as his father’s filings showed growing investments in stocks and bonds.
Overall, the filings paint a clear picture: crypto earnings generated billions in 2025, but stocks and bonds remain the preferred destination for protecting and growing wealth over the long term.