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09/26/2026

US Defense Secretary Pete Hegseth Discloses Bitcoin Holdings

What happened: Defense Secretary Pete Hegseth’s annual financial disclosure revealed Bitcoin holdings in a Coinbase wallet, valued between $16,000 and $65,000.

US Defense Secretary Pete Hegseth Discloses Bitcoin Holdings

What happened: Defense Secretary Pete Hegseth’s annual financial disclosure revealed Bitcoin holdings in a Coinbase wallet, valued between $16,000 and $65,000. The report, signed May 14 and certified September 18, also shows $2,702–$6,000 in capital gains from BTC in 2025. Hegseth’s total assets exceed $3.1 million, with significant retirement and cash holdings. He divested defense and financial stocks in early 2025.

Why it matters: Hegseth’s disclosure follows similar revelations from other US officials, including Donald Trump’s $50M+ BTC. While the amount is modest, it signals growing mainstream acceptance and regulatory scrutiny of crypto assets among policymakers. The lack of wallet address transparency and reporting in ranges, however, limits public insight. Source: Decrypt, Quartz