Pete Hegseth Reports Over $3.1 Million in Assets Including Bitcoin
Defense Secretary Pete Hegseth disclosed at least $3.1 million in cash, retirement investments, and Bitcoin through his 2025 financial disclosure report. The filing revealed a significant increase from previous disclosures, including one bank account holding over $1 million—up sharply from the earlier reported range of $15,001 to $50,000 for an identical account in December 2024. Hegseth and his wife also shifted their investment strategy by purchasing ETFs worth between $1.41 million and $3.05 million after selling individual stocks like those of defense contractors Lockheed Martin (LMT) and Northrop Grumman (NOC). The report shows a typical reshuffling for new cabinet members to avoid conflicts, with Hegseth's ethics agreement requiring consultation on potential issues but not mandating the sale of certain holdings. His Bitcoin holdings are valued between $16,000 and $65,000.
Topics: Bitcoin disclosures ETFs finance retirement investments