13-3-2025 – Significant Bitcoin holdings have been uncovered amongst President Trump’s cabinet members, according to recently published financial disclosures.
The most substantial investment comes from Health and Human Services Secretary Robert F. Kennedy Jr., whose Fidelity crypto account holds Bitcoin valued between $1 million and $5 million. This disclosure emerges amidst Trump’s bold declaration of positioning America as a global Bitcoin powerhouse.
The cryptocurrency, which currently trades at $83,332, has experienced mixed fortunes, showing a modest 1% uptick over 24 hours whilst weathering a 9% decline over the past week.
Transport Secretary Sean Duffy stands out with a diversified crypto portfolio, maintaining substantial Bitcoin positions across multiple platforms. His holdings include a Gemini wallet and investments in the Fidelity Wise Origin Bitcoin Fund, collectively representing a significant portion of his declared assets.
The Treasury portfolio sees Scott Bessent’s considerable stake in the iShares Bitcoin Trust ETF, though he has committed to divesting within 90 days post-confirmation, adhering to ethical guidelines. Similarly, Russell Vought, heading the Office of Management and Budget, has pledged to relinquish his more modest Coinbase wallet holdings.
Defence Secretary Pete Hegseth and Director of National Intelligence Tulsi Gabbard have also declared Bitcoin investments, with Gabbard’s portfolio including positions in both direct cryptocurrency holdings and the Bitwise Bitcoin ETF Trust.
In a related development, AI and crypto czar David Sacks has proactively divested his diverse cryptocurrency portfolio, which included Bitcoin, Ethereum, and Solana, prior to assuming his governmental role. This move comes as he undergoes a thorough ethics review.
This unprecedented level of cryptocurrency investment among senior government officials arrives at a crucial moment for digital currency adoption, with six cabinet members – more than a quarter of the administration’s top tier – holding Bitcoin either directly or through investment vehicles.
