In the June financial report of U.S. President Donald Trump, more than 1,000 securities transactions were recorded. However, only seven of them are related to cryptocurrency companies, and almost all of them are sales. This imbalance is an important signal that I will analyze in detail.
Coinbase and Strategy: a short list, but big names
Shares of the exchange Coinbase Global appear in the document four times. Trump sold them three times—on June 12, 18, and 23—for amounts ranging from $116,003 to $315,000. Then, on June 24, he purchased securities worth between $50,001 and $100,000. Thus, we see a classic rotation: partial profit-taking followed by a return to the asset.
With shares of Strategy Inc, the largest corporate holder of bitcoin (BTC), the situation is different. The President sold them twice—on June 23 and 24—for amounts ranging from $16,002 to $65,000. No new purchases of these securities are recorded in the report for the month. This looks like a deliberate exit from the position, rather than a speculative move.
Closing the list is Robinhood Markets. The only transaction: on June 3, Trump bought shares of the broker for an amount between $1,001 and $15,000. The amount is modest, but the very fact of entering this asset is telling.
Trading differs from crypto income
The document does not list any spot bitcoin ETFs, mining company shares, or Trump Media stock. At the same time, funds are fully disclosed—throughout the report, iShares, SPDR, and Vanguard products appear, but none of them are cryptocurrency-related.
By my calculations, all June transactions fell within the range of $78.1–263.1 million. The largest was the sale of Vanguard exchange-traded fund units on June 22, for an amount between $5 million and $25 million. The main purchases were in shares of Berkshire Hathaway, Visa, Mastercard, and Cintas. Cryptocurrency securities accounted for only a small share of all Donald Trump's transactions.
Cryptocurrency means much more for the President's personal income. In his annual declaration for 2025, he reported about $1.4 billion in receipts from crypto projects. The White House has repeatedly emphasized that the President's investments are managed by independent financial organizations, and there is no conflict of interest.
My conclusion: Trump is reducing direct exposure to bitcoin-dependent assets but retains interest in infrastructure players like Coinbase and Robinhood. This is not a turn away from the crypto industry, but rather a shift to a more diversified strategy, where the bet is placed on platform businesses rather than the volatility of a single token.