Donald Trump's June financial report, released by the U.S. Office of Government Ethics, revealed over 1,000 securities transactions. However, contrary to market expectations, only seven of them involved cryptocurrency companies, and nearly all were sales. This is a signal worth analyzing in detail.
Coinbase and Strategy: Reducing Positions
The largest U.S. crypto exchange, Coinbase Global, appears in the report four times. Trump sold shares of the exchange three times — on June 12, 18, and 23 — for amounts ranging from $116,003 to $315,000. Notably, on June 24 he made a reverse trade, purchasing securities worth between $50,001 and $100,000. Such a tactic may indicate short-term trading against volatility rather than a strategic exit from the sector.
More telling is the position in Strategy Inc (formerly MicroStrategy), the largest corporate holder of bitcoin. The President sold shares of the company twice — on June 23 and 24 — for amounts ranging from $16,002 to $65,000. No new purchases of these securities were recorded in the report. This is the first clear signal of cooling interest in a company whose fate is directly tied to the BTC price.
Closing out the list is Robinhood Markets: on June 3, Trump purchased shares of the broker for amounts ranging from $1,001 to $15,000. The only net purchase in the crypto segment for the month.
Crypto Is Not a Top Priority
The document lacks spot bitcoin ETFs, mining company shares, and even Trump Media stock. Meanwhile, the portfolio is full of classic instruments — iShares, SPDR, and Vanguard funds. The total volume of June operations is estimated in the range of $78.1–263.1 million, with the largest trade being the sale of Vanguard units on June 22 for amounts ranging from $5 to $25 million.
The main purchases were in Berkshire Hathaway, Visa, Mastercard, and Cintas. That is, Trump is betting on the traditional financial sector and payment systems, while crypto assets occupy only a minor share of his trading activity. Interestingly, in his annual declaration for 2025, he reported about $1.4 billion in revenue from crypto projects, which sharply contrasts with his current caution. The White House insists that the investments are managed by independent financial organizations.
My analysis: The sale of Strategy shares amid growing institutional interest in bitcoin looks like profit-taking rather than a bearish signal. However, the absence of new purchases in the crypto sector suggests that even politicians loyal to the industry prefer diversification. The market should view these trades as a specific case rather than an indicator of White House sentiment.