DEFENSE SECRETARY PETE HEGSETH HOLDS BITCOIN IN A COINBASE WALLET

Summary from the TLDR Crypto newsletter

Defense Secretary Pete Hegseth disclosed Bitcoin holdings of $16,000-$65,000 in a Coinbase wallet via his 2025 OGE financial disclosure, split across two capital gains entries. The filing shows no Bitcoin transactions above $1,000 during 2025, indicating Hegseth held a passive position throughout the year. His exposure is modest compared to President Trump's June filing, which reported over $50 million in Bitcoin and $1.2 billion in crypto-related earnings. The disclosures from multiple senior US executive branch officials mark Bitcoin ownership as established at the cabinet level, with Coinbase serving as the disclosed custodian for at least one sitting secretary.