U.S. Defense Secretary Pete Hegseth holds Bitcoin within a Coinbase wallet, according to his latest annual financial disclosure covering 2025 and released by the Office of Government Ethics. The disclosure details asset valuations, portfolio realignments, and broader financial positions managed during his tenure.
The filing highlights growing intersection points between institutional leadership, digital asset holdings, and public transparency mandates within the United States administration.
By SarmayaNext Corporate & Business Desk • ✓ Fact-Checked • Published September 2026
What Are the Financial Disclosure Details for Pete Hegseth?
U.S. Defense Secretary Pete Hegseth holds Bitcoin in a Coinbase wallet across two separate entries, with a combined estimated value between $16,000 and $65,000 according to his 2025 annual financial disclosure released by the Office of Government Ethics.
U.S. Defense Secretary Pete Hegseth’s annual financial disclosure covering 2025 reveals Bitcoin holdings categorized under ‘other assets and income’ inside a single Coinbase wallet. The assets are split into two separate entries: one valued between $15,001 and $50,000, and another valued between $1,001 and $15,000. Because federal disclosure forms report ranges rather than exact figures, the combined holding sits between roughly $16,000 and $65,000.
The filing records the income type for both Bitcoin entries as capital gains. Notably, neither entry appears in the report’s transactions section, which captures purchases and sales above $1,000 during the reporting period. On the face of the filing, Hegseth did not buy or sell Bitcoin above that threshold across the year. The Bitcoin holdings represent a modest portion of his broader financial profile, which shows at least $3.1 million in cash, retirement investments, and digital assets.
Pete Hegseth Asset and Liability Disclosure Overview
| Asset / Liability Category | Valuation Range / Detail | Filing Classification |
|---|---|---|
| Coinbase Wallet Bitcoin (Entry 1) | $15,001 – $50,000 | Other Assets / Capital Gains |
| Coinbase Wallet Bitcoin (Entry 2) | $1,001 – $15,000 | Other Assets / Capital Gains |
| Personal Residence Mortgages | $1,000,001 – $5,000,000 (Two mortgages) | Liabilities (8.5% interest) |
| Defense Contractor Stocks | Sold in Feb 2025 | Transactions (Lockheed, Northrop, Honeywell) |
How Portfolio Realignment and Holdings Impact Institutional Oversight
Beyond digital assets, Hegseth’s disclosure outlines a wholesale exit from individual stocks in the weeks after he took office in January 2025. On February 7 of that year, he sold holdings in major defense contractors including Lockheed Martin, Northrop Grumman, and Honeywell, alongside private equity firms KKR and Blackstone. Six weeks later, he liquidated a broader list including Apple, Alphabet, Amazon, Microsoft, Oracle, and Visa, shifting entirely toward index funds across 2025.
On the liabilities side, the report lists two mortgages on a personal residence, each in the $1,000,001 to $5,000,000 range, taken out in 2022 and 2025 at an interest rate of 8.5%. While Hegseth’s digital asset holdings remain modest, they contrast sharply with President Donald Trump’s June disclosure reporting over $50 million in Bitcoin and over $1.2 billion in earnings from crypto ventures, illustrating varying scales of digital asset exposure across top administration officials.
Key Takeaways
- Pete Hegseth’s 2025 financial disclosure lists Bitcoin held in a Coinbase wallet across two entries valued between $1,001 and $50,000 each.
- The combined estimated Bitcoin holding ranges from approximately $16,000 to $65,000, with income recorded as capital gains.
- No Bitcoin purchases or sales above $1,000 were recorded in the filing’s transaction section during the reporting period.
- Hegseth executed a wholesale exit from individual stocks, including major defense contractors, shortly after taking office in January 2025.
The Insider Take
Financial disclosures for high-ranking government officials provide critical transparency into potential conflicts of interest and asset allocation shifts. While Hegseth’s crypto exposure remains small relative to other executive figures, the complete divestment from defense contractor stocks underscores active portfolio management under federal ethics frameworks.
Frequently Asked Questions About Defense Secretary Pete Hegseth
What is Defense Secretary Pete Hegseth’s Bitcoin holding?
Defense Secretary Pete Hegseth holds Bitcoin in a Coinbase wallet listed under two separate entries in his annual financial disclosure, with a combined estimated value ranging between $16,000 and $65,000.
Did Pete Hegseth buy or sell Bitcoin during 2025?
The financial disclosure’s transaction section records no Bitcoin purchases or sales above the $1,000 reporting threshold during the 2025 reporting period.
What other portfolio changes did Pete Hegseth make upon taking office?
Following his appointment in January 2025, Hegseth exited individual stocks, selling holdings in defense contractors like Lockheed Martin and Northrop Grumman, as well as major tech equities, reallocating his portfolio into index funds.
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