Trump trims positions in Strategy and increases stake in Coinbase: a detailed breakdown of June trades
US President Donald Trump's June financial report turned out to be a veritable treasure trove of data: more than 1,000 securities transactions, and only seven of them relate to cryptocurrency companies. Notably, most of these deals are sales, which may signal a reconsideration of the head of state's attitude toward digital assets at the institutional level.
According to the document published by the US Office of Government Ethics, the bulk of crypto transactions involved Coinbase Global. Trump sold shares of the exchange three times — on June 12, 18, and 23 — in amounts ranging from $116,003 to $315,000. However, on June 24, he made the opposite move, purchasing securities worth between $50,001 and $100,000. This dynamic points to a tactical reallocation of capital rather than a complete exit from the sector.
Divesting from Strategy: a signal to the market
Far more telling is the position on Strategy Inc — the largest corporate holder of bitcoin. The president sold shares of the company twice, on June 23 and 24, in amounts ranging from $16,002 to $65,000, and the report records no new purchases. This is the first time in recent months that interest in MSTR has shown a clear cooling off.
Closing out the list is Robinhood Markets: on June 3, Trump purchased shares of the broker worth between $1,001 and $15,000. However, the scale of the deal is modest, suggesting a more symbolic than strategic interest.
Crypto income does not equal crypto trading
Curiously, the document completely omits spot bitcoin ETFs, shares of mining companies, and even Trump Media stock. The funds are disclosed exhaustively — iShares, SPDR, and Vanguard products appear throughout the report, but none of them are crypto instruments. The total volume of June transactions is estimated in the range of $78.1–263.1 million, with the largest deal being the sale of Vanguard fund units on June 22 in the amount of $5 million to $25 million.
The main purchases were in classic blue chips: Berkshire Hathaway, Visa, Mastercard, and Cintas. Crypto securities accounted for only a small share of all transactions. This contrasts with data from the 2025 annual declaration, where Trump reported about $1.4 billion in proceeds from crypto projects, however, as the White House emphasizes, the investments are managed by independent financial organizations, and there is no conflict of interest.
My comment: Selling Strategy shares while maintaining positions in Coinbase is not panic, but a fine-tuning of the portfolio. Investors see exchanges as a more liquid and diversified asset than a company whose fate is tied to BTC volatility. It is telling that even at the highest level of capital management, the crypto sector is perceived as a tool for tactical trading rather than long-term accumulation.