Donald Trump's June financial report turned out to be a veritable treasure trove for analysts: more than 1,000 securities transactions, and only seven of them are related to cryptocurrency companies. And these are not just numbers — this is a clear signal of how the first crypto-president of the United States manages his portfolio in the era of institutional adoption of digital assets.
The document, published by the U.S. Office of Government Ethics, reveals interesting dynamics. Trump sold Coinbase Global shares three times — on June 12, 18, and 23, for amounts ranging from $116,003 to $315,000. However, on June 24, he unexpectedly returned to the asset, buying exchange securities worth $50,001–$100,000. This "sell at the peak, buy on the pullback" tactic points to a speculative approach rather than a long-term bet on crypto exchanges.
Strategy loses ground in the portfolio
Far more telling is the sale of Strategy Inc shares — the largest corporate holder of bitcoin. The president disposed of MSTR securities twice, on June 23 and 24, for amounts ranging from $16,002 to $65,000. There are no new purchases of these shares in the report. This is especially notable given that Strategy remains the main proxy instrument for BTC investments on the stock market.
Robinhood Markets rounds out the list of crypto transactions: on June 3, Trump purchased broker shares worth $1,001–$15,000. The amount is symbolic, but the very fact of interest in a platform actively integrating crypto trading is telling.
What remained behind the scenes
Interestingly, the report completely lacks spot bitcoin ETFs, mining company securities, and Trump Media shares. The entire portfolio is full of iShares, SPDR, and Vanguard products, but there are no crypto funds among them. By my calculations, the total volume of Trump's June operations amounted to $78.1–263.1 million, with crypto transactions being only a small fraction.
The main purchases went to Berkshire Hathaway, Visa, Mastercard, and Cintas. However, the president's personal income cannot be ignored either: in his 2025 annual disclosure, he reported approximately $1.4 billion in revenue from cryptocurrency projects. The White House insists that the investments are managed by independent financial organizations and that there is no conflict of interest.
My analysis: The sale of Strategy in the absence of new purchases is not just a portfolio rotation, but a signal of a reassessment of risks. Trump is diversifying into traditional payment giants, which may indicate an expectation of a correction in bitcoin in the second half of the year. But the purchase of Coinbase the day after the sell-off hints that even the president cannot resist the volatility of the crypto market.