President Donald Trump’s latest financial disclosures reveal a striking contradiction: while he publicly championed digital assets as the future of finance, his personal investment strategy steered the bulk of his crypto earnings into traditional stocks and bonds. Filings with the US Office of Government Ethics show that Trump received over $1.4 billion last year from his family’s crypto projects, including World Liberty Financial and the Trump meme coin, yet his portfolios of stocks and bonds grew at least fourfold during the same period. Main Developments An analysis of Trump’s holdings over the past two years shows a sharp shift toward safer assets as crypto profits poured in. At the end of 2025, the president held between $703 million and $2.6 billion in stocks and bonds, compared with between $225 million and $608 million at the end of 2024. The filings report holdings in ranges rather than exact figures, and this news agency could not determine precisely how the crypto earnings were allocated to those traditional instruments. Trump also retained significant digital holdings. As of late 2025, he held 15.75 billion World Liberty governance tokens, valued at over $50 million, received in exchange for his role as co-founder. His companies managing the World Liberty and meme coin projects held at least $160 million in bitcoin and ether, plus up to $6 million in other tokens. Read also: Why Pakistan is opening its fuel pricing to public scrutiny Background Trump and his two eldest sons encouraged retail investors to pour money into crypto projects that ultimately resulted in steep losses. A report last month found that retail investors in the four main Trump-backed crypto projects had lost $2.3 billion as of April. Meanwhile, Trump did not report having bought shares in two publicly listed crypto firms backed by his sons Eric and Donald Trump Jr., signaling a personal distance from the sector he promotes. Timothy Massad, director of the Digital Assets Policy Project at Harvard’s Kennedy School and a former chairman of the Commodity Futures Trading Commission, reviewed the analysis. He noted that Trump’s disclosure form suggests a strategy of making quick profits from crypto through token sales but then investing those gains in traditional assets like stocks and bonds. Why It Matters The filings underscore a fundamental tension between Trump’s public crypto advocacy and his private financial caution. Nine digital asset experts who reviewed the analysis said the president’s personal economic activity reflects a man who does not trust crypto as a primary store of his personal wealth. This disparity could undermine his administration’s stated goal of making the United States the crypto capital of the world, as it suggests even its chief promoter hedges against the asset class. What's Next Trump remains committed to a longer vesting schedule for selling his World Liberty tokens due to his co-founder status, which limits his ability to exit those holdings quickly. The broader question of how much of his crypto profits will continue flowing into traditional markets remains open, as his future filings will reveal whether the pattern of de-risking persists. Regulators and investors will watch closely for any changes in his personal allocation strategy as his administration pushes forward with crypto-friendly policies.