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09/25/2026

US Defense Secretary Pete Hegseth Discloses $16K–$65K in Bitcoin Holdings

What happened: Annual financial disclosures published September 25 reveal US Defense Secretary Pete Hegseth holds between $16,000 and $65,000 in Bitcoin, stored in a Coinbase wallet.

US Defense Secretary Pete Hegseth Discloses $16K–$65K in Bitcoin Holdings

What happened: Annual financial disclosures published September 25 reveal US Defense Secretary Pete Hegseth holds between $16,000 and $65,000 in Bitcoin, stored in a Coinbase wallet. The filing, covering calendar year 2025, shows no BTC trades above $1,000 and lists over $3.1 million in cash and retirement assets. Hegseth also divested from defense stocks shortly after taking office.

Why it matters: This marks one of the highest-profile US officials to publicly report direct Bitcoin exposure, albeit at a modest level relative to personal net worth. The disclosure follows standard Office of Government Ethics procedures and does not indicate active trading or ideological commitment to crypto. It highlights the normalization of crypto holdings among US policymakers, though Hegseth's exposure is far smaller than that of former President Trump.

Source: Decrypt