The U.S. Office of Government Ethics (OGE) published a report on the President's June transactions. Out of over 1,000 securities transactions, only seven were related to crypto companies, and most of those were sales, not purchases.
Coinbase and Strategy - That's It
Coinbase Global appears in the document four times. Three sales dated June 12, 18, and 23 totaled between $116,003 and $315,000. These were followed by a single purchase on June 24 in the range of $50,001–$100,000—the only one for this stock during the month.
Strategy, the largest corporate holder of Bitcoin, was sold twice—on June 23 and 24—for a total of $16,002 to $65,000. The report does not record any purchases of Strategy in June.
Robinhood Markets closes the list with one entry—a purchase on June 3 worth $1,001–$15,000.
Spot Bitcoin ETFs, mining companies, and shares of Trump Media are not mentioned in the document at all. Meanwhile, iShares, SPDR, and Vanguard funds appear in the report regularly, meaning ownership of these funds is disclosed in full.
Trading Amid Trump's Cryptocurrency Income
The total volume of June transactions was between $78.1 million and $263.1 million, according to Bloomberg. The largest single transaction was the sale of a stake in the Vanguard Group Inc. exchange-traded fund for $5 million to $25 million—it took place on June 22.
Notable purchases included shares of companies such as:
- Berkshire Hathaway
- Visa
- Mastercard
- Cintas
Cryptocurrency investments constitute an insignificant part of the overall portfolio activity against this backdrop.
At the same time, crypto projects form a noticeable share of Trump's personal income. His 2025 annual financial disclosure showed approximately $1.4 billion in income related to cryptocurrencies—a sum incomparable to the scale of the trading operations in the June report.
The White House has repeatedly stated that the President's investments are managed by independent financial institutions and that no conflict of interest exists.
The Changeable Trump
The current sales of crypto company shares contrast with the President's rhetoric during the 2024 election campaign when Trump positioned himself as a "cryptopresident." "I am very positive and open-minded toward crypto companies and everything related to this new and burgeoning industry," he said. Evidently, his opinion has changed.
AI Opinion
The situation demonstrates a classic pattern of "asymmetric exposure," where public trading activity serves merely as a screen for real capital sources. Analysis shows that minuscule transactions with crypto company shares against the backdrop of billion-dollar incomes from digital assets create an illusion of diversification, whereas the actual financial model is built on direct monetization of political influence through digital tools. Historical precedents confirm that such discrepancies between declarations and actual flows often precede regulatory investigations or market corrections in the sector.
A question arises: Is the current transparency of exchange operations merely a necessary formal attribute, diverting attention from the structural transformation of presidential capital?
