Trump reduces positions in Strategy and increases stake in Coinbase: detailed breakdown of June transactions
Donald Trump's June financial report, published by the U.S. Office of Government Ethics, sheds light on more than 1,000 securities transactions. At first glance, the cryptocurrency component in this volume looks modest — just seven operations, but it is precisely these that have attracted the maximum market attention. And this is no coincidence: the structure of these transactions demonstrates a clear adjustment of the president's investment strategy in the digital sector.
Coinbase and Strategy — in the spotlight
The most telling move was Trump's decision to exit shares of Strategy Inc., the largest corporate holder of bitcoin. Sales were recorded twice — on June 23 and 24 — ranging from $16,002 to $65,000. At the same time, no new purchases of these securities appear in the report. This is a clear signal of reduced appetite for direct bets on corporate bitcoin cash.
In parallel, the White House chief increased his presence in Coinbase Global. Here the picture is more varied: three sales of exchange shares on June 12, 18, and 23 (from $116,003 to $315,000) were followed by a purchase of securities on June 24 ranging from $50,001 to $100,000. This tactic — selling at the peak and re-entering — looks like an attempt to average down the position ahead of potential growth.
Closing out the list is Robinhood Markets: on June 3, Trump bought shares of the broker ranging from $1,001 to $15,000. This is a small but symbolic bet on retail trading, which is increasingly intertwined with the crypto market.
It is important to note: the document contains no spot bitcoin ETFs, mining company shares, or even Trump Media stock. iShares, SPDR, and Vanguard funds are fully disclosed, but none of them are cryptocurrency-related.
Scale and context
The total volume of June transactions amounted to $78.1–263.1 million. The largest deal was the sale of Vanguard fund units on June 22, ranging from $5 million to $25 million. The main purchases were in Berkshire Hathaway, Visa, Mastercard, and Cintas. Crypto securities accounted for only a small share, indicating a diversified approach.
However, one should not confuse trading activity with personal income. In the 2025 annual declaration, Trump reported approximately $1.4 billion in receipts specifically from crypto projects. This underscores that his business interests in the digital economy run far deeper than portfolio games on the exchange.
The White House has repeatedly stated that the president's investments are managed by independent financial organizations and that there is no conflict of interest. Formally, this is true, but the market closely watches every move: any signals from the head of state in the crypto sphere are instantly reflected in quotes.
My view: Selling Strategy while buying Coinbase is not an exit from the sector, but a rotation within it. Trump, it seems, is betting on infrastructure companies with direct access to liquidity, rather than on volatile balance sheets dependent on the BTC price. For the market, this is a moderately positive sign: interest in crypto assets remains, but it is becoming more mature and selective.