U.S. Defense Secretary Pete Hegseth holds Bitcoin in a Coinbase wallet, according to his latest annual financial disclosure covering 2025 and released by the Office of Government Ethics.
The filing lists the Bitcoin under "other assets and income" as two separate entries within a single Coinbase wallet: one valued between $15,001 and $50,000 and the second between $1,001 and $15,000. Because disclosure forms report ranges rather than exact figures, the combined holding is worth roughly $16,000 to $65,000.
Neither entry appears in the report's transactions section, which captures purchases and sales above $1,000 during the reporting period. That suggests Hegseth did not buy or sell Bitcoin above that threshold during the year. The disclosure also shows at least $3.1 million in cash, retirement investments and Bitcoin, with the largest cash account worth more than $1 million. The transactions section includes a broad exit from individual stocks in early 2025, including defense contractors and major technology companies, with new purchases concentrated in index funds.
The Bitcoin position is modest compared with President Donald Trump's June disclosure, which reported more than $50 million in Bitcoin and over $1.2 billion in earnings from crypto ventures.
