Trump family trust bought Coinbase and these crypto-related stocks in Q1, ethics filing shows

A notable development has hit the crypto markets. US President Donald Trump's family trust executed hundreds of millions of dollars in financial transactions during the first quarter of 2026, including the acquisition of stocks directly tied to the digital asset industry, even as his administration pushed sweeping, pro-cryptocurrency regulatory overhauls. According to a mandatory 278-T financial disclosure form released on May 14 by the US Office of Government Ethics, the president’s portfolio underwent more than 3,600 transactions between January and March. The filings indicate the cumulative value of these transactions ranges from $220 million to $750 million across municipal bonds, index funds, and individual corporate equities.

While the vast majority of transactions involved traditional blue-chip stocks and broad-market index funds, the targeted purchases of crypto-adjacent firms have drawn immediate scrutiny from government ethics watchdogs. Which crypto stocks did Trump acquire? According to the filing, much of the capital moved through familiar blue-chip names.

Market Dynamics

The filings show transactions valued at up to $5 million each with several companies, including Nvidia, Apple, Microsoft, Boeing, and Costco. The documents also include activity in banks, defense contractors, technology suppliers, and municipal bonds. However, the crypto-linked entries are smaller than the largest technology trades, but they carry a different political significance.

The family trust purchased shares of Coinbase, the largest US crypto exchange, across nine transactions during the quarter. The largest Coinbase-related purchase was valued between $100,001 and $250,000. The trust also reported purchases tied to MARA Holdings, one of the largest publicly traded Bitcoin miners, as well as CleanSpark, Robinhood, SoFi Technologies, and Jack Dorsey's Block.

Trump Crypto Stocks (Source: SolanaFloor) Those companies span several corners of the digital asset and fintech markets, from mining and exchange infrastructure to retail brokerage and payments. The filings also show active trading in Strategy (formerly MicroStrategy), whose stock has become one of the most closely watched public-market proxies for Bitcoin. The company has accumulated a large corporate Bitcoin treasury, making its shares highly sensitive to BTC's price and the financing strategy behind its purchases.

Market Impact

The disclosures list eight Strategy Class A share transactions, including a February purchase valued as high as $100,000 and a January sale valued as high as $50,000. The documents do not show whether Trump directed any of the trades himself. They also do not identify the specific accounts used for each transaction or clarify whether every entry involved common stock rather than another type of security.

Trump’s assets are managed through a family trust, and some transactions appear to have been executed through brokers. White House crypto policy shifts reshape the regulatory landscape The disclosures arrive amid a broader debate over Trump’s transformation from crypto skeptic to one of the industry’s most influential political backers. Before his 2024 campaign, Trump had repeatedly criticized Bitcoin and other digital assets, describing them as speculative and risky.

During the campaign, however, he embraced the industry, accepted support from crypto donors, and positioned himself as the candidate who would reverse Washington’s enforcement-led approach to digital assets. Since returning to office, the administration has moved quickly in that direction through personnel changes, executive orders, and support for crypto-focused legislation. Under SEC Chairman Paul Atkins, the financial regulator has shifted away from the aggressive enforcement posture that defined the previous administration.

Crypto markets are watching this development closely as investors weigh its potential impact on prices.