U.S. Secretary of Defense Peter Hegseth possesses a greater amount of physical cash than he does bitcoin.
This information comes from his newly published 2025 annual financial disclosure, which reveals he owns between $16,000 and $65,000 worth of the primary digital currency, whereas a traditional bank account contains $1 million in fiat currency.
Hegseth, who took office as Defense Secretary in January 2025, serves within the most cryptocurrency-supportive administration in United States history.
President Donald Trump received backing from prominent figures in the digital asset sector and recently advocated for the enactment of major crypto regulation, known as the Clarity Act.
The Office of Government Ethics paperwork for Hegseth additionally indicates that he and his spouse maintain retirement portfolios featuring investments valued between roughly $2.05 million and $4.35 million.
Certain holdings within these portfolios consist of exchange-traded funds such as the technology-focused Invesco QQQ Trust alongside the Apollo Diversified Real Estate Fund closed-end fund.
Trading activity executed by Hegseth involved divesting shares in Amazon, Microsoft, and Apple.
The official document notes that Hegseth stores his bitcoin reserves inside a Coinbase digital wallet.
The cryptocurrency portfolio belonging to Hegseth appears quite small when contrasted with the Trump family holdings, which have accumulated billions of dollars through digital asset projects since the president assumed office.
President Trump personally revealed earnings exceeding $1.4 billion originating from family-run digital asset projects, positioning cryptocurrency as his primary revenue generator far eclipsing property holdings and legal settlements.
An investigative report published this year by Reuters indicated that his relatives—including his sons Eric and Donald Jr.—generated $2.3 billion across four distinct crypto projects concluding in April 2026.
Political opponents, specifically Democrats, have charged Trump with financial enrichment via cryptocurrency while simultaneously formulating regulatory frameworks for the industry. The White House has repeatedly rejected allegations of ethical conflicts, while Trump has highlighted congressional stock trading—notably pointing to Nancy Pelosi—and advocated for prohibiting the practice entirely.
Originally published at https://bitcoinmagazine.com/news/is-us-defence-secretary-pete-hegseth-a-bitcoiner-this-is-what-his-accounts-say.
