President Donald Trump has personally cashed out over $1.4 billion from cryptocurrency projects including his meme coin $Trump and World Liberty Financial, according to a new financial disclosure filed with the U.S. Office of Government Ethics. The funds were fully shifted into traditional assets like stocks and bonds, while retail investors who followed his endorsements have lost an estimated $2.3 billion across four major crypto projects as of April 2026.
Crypto Profits Parked in Traditional Assets
The disclosure, reported by BigGo Finance and analyzed by Reuters, shows that Trump's personal stock and bond portfolio has at least quadrupled in two years, growing from between $225 million and $608 million at the end of 2024 to between $703 million and $2.6 billion by late 2025. The Trump Organization stated that the filing demonstrates the group's financial strength, quality assets, and conservative balance sheet, but declined to explain why crypto profits were moved to traditional holdings. The White House clarified that Trump's assets are managed by an independent third-party financial institution through a discretionary trust account.
Retail Investors Suffer Heavy Losses
While Trump locked in gains, retail investors who bought into projects he publicly endorsed have collectively lost $2.3 billion. Timothy Massad, former chairman of the Commodity Futures Trading Commission and director of the Digital Assets Policy Project at Harvard Kennedy School, criticized the president's actions: "He positions digital assets as the financial frontier and says he wants to make America the crypto capital, but the disclosure shows his personal strategy is to make a quick profit in crypto and then park the proceeds in safe traditional assets." Nine other digital asset experts agreed that the move reveals Trump fundamentally does not trust cryptocurrency as a store of value for his own wealth.
Trump Shock Returns with Iran Deal Collapse
Beyond crypto, Trump's abrupt decision to scrap the U.S.-Iran interim peace deal during the July 8 NATO summit shattered investor expectations of easing Middle East tensions, triggering what analysts are calling a "Trump Shock" in global markets. Marko Papic, chief investment strategist at BCA Research, noted that he had just advised clients to sell U.S. stocks and rotate into European and Japanese markets, only to be forced to reverse course and take losses within a day due to the sudden policy reversal.