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Trump Administration Official's Crypto Holdings Revealed, BTC Still the Top Choice
Original Article Title: "Revealing the Large Cryptocurrency Holdings of Trump Administration Officials, BTC Still a Top Choice for Many"
Original Article Author: Wenser, Odaily Planet Daily
Recently, after a vote, the U.S. Senate officially confirmed Paul Atkins, nominated by Trump, as SEC Chairman. From this point on, the main government officials of the Trump administration have been basically confirmed for this term, and this group will also become key figures in shaping the political, economic, and cryptocurrency market landscape of the United States and even the world for the next 4 years.
Thus, although the major officials of the Trump administration are subject to oversight by the U.S. government's Office of Government Ethics, the cryptocurrency holdings of many may still be a significant factor influencing future regulatory policies and benefiting cryptocurrency projects. Based on this, Odaily Planet Daily will organize the cryptocurrency holdings of key figures in this article for readers' reference.
Vice President Vance: Focused on BTC
According to a previous report by Business Insider, current U.S. Vice President JD Vance's personal financial information disclosed in August 2024 for the year 2023 shows that Vance himself holds assets of around $4 million; of which, the related cryptocurrency assets amount to approximately $250,000-$500,000, all in Bitcoin.
In addition, index funds related to cryptocurrency and funds from cryptocurrency asset management companies are also included.
Vance Personal Financial Disclosure Information
White House AI and Crypto Chief David Sacks: Previously Held BTC, ETH, SOL, BITW, Now Liquidated
A White House memorandum shows that U.S. Chief of AI and Cryptocurrency Affairs David Sacks, prior to taking office, sold over $200 million in digital asset-related investments through personal and his company Craft Ventures, with about $85 million in income going to him personally, including Bitcoin, Ethereum, Solana, and Bitwise 10 Crypto Index Fund (BITW), and sold his stakes in Coinbase (COIN) and Robinhood (HOOD).
Furthermore, he exited investments in Multicoin Capital, Blockchain Capital, and Bitwise Asset Management, and started gradually divesting stakes in some private digital asset firms. Additionally, Sacks still holds stakes in some funds under Craft Ventures, which invest in companies like BitGo, Lightning Labs, etc., these investments are difficult to fully liquidate due to liquidity constraints, accounting for less than 3.8% of his total invested assets.
The above information has also been confirmed and responded to by David Sacks himself, with Multicoin Capital Managing Partner Kyle Samani and Bitwise CEO Hunter Horsley providing corresponding explanations.
SEC Chairman Paul Atkins: Indirect BTC Holdings
According to crypto KOL @0x_Todd's post, it is preliminarily estimated that Paul Atkins' crypto-related assets are around $2-6 million. The Off The Chain Capital fund in which he invests follows a Bitcoin strategy (focused on Bitcoin's low-cost investment opportunities, such as mining-related debts, Bitcoin mining machines, Bitcoin leverage, etc.), thus indirectly holding Bitcoin.
In addition, he also holds shares in the crypto company Securitize and in Anchorage Digital, the only crypto bank in the United States, with assets totaling around $250-500k.
US Treasury Secretary Scott Bessent: Holds IBIT
US Treasury Secretary Scott Bessent's personal financial disclosure filed in August 2024 shows that his total financial assets amount to around $521 million.
Comparatively, his crypto assets only include holdings in the Bitcoin spot ETF IBIT, with assets totaling around $250-500k, accounting for less than 0.1% of his total assets.
Furthermore, his investment portfolio includes crypto-related assets such as SPDR S&P 500 Trust Fund (SPY), Invesco QQQ Trust Fund (QQQ), valued at over $100 million.
Holdings Information Source
US Commerce Secretary Howard Lutnick: Holds 5% Tether Shares and Some BTC
According to the financial disclosure documents released by the US Office of Government Ethics (OGE), current US Commerce Secretary Howard Lutnick disclosed his crypto assets and related investment details in a report submitted on January 24, 2025.
Previously, he had made it clear that he holds Bitcoin and views it as a "global free trading asset" akin to gold; his company Cantor Fitzgerald, is a key partner of the stablecoin issuer Tether, and manages around $39 billion in U.S. Treasury bonds. According to previous reports, Lutnick intends to transfer the company's Tether business relationship to his son Brandon Lutnick.
Additionally, Cantor Fitzgerald is reported to hold a 5% stake in Tether, valued at around $6 billion; Cantor Fitzgerald also planned to launch a Bitcoin financing business last year, providing up to $20 billion in leverage support for Bitcoin investors.
DOGE Division Head Musk: BTC and DOGE
As a "star player" in the Trump administration, Musk's cryptocurrency holdings have always been a market focus.
According to data from the Arkham platform, on March 7, Musk's company Tesla's Bitcoin holdings increased to 11,509 coins, about 1,789 more coins than the previous reported balance of 9,720 BTC.
And back in November last year, Dogecoin UI designer DogeDesigner, who frequently interacts with Musk, shared an audio clip on X platform where Musk said, "I still hold a lot of Dogecoin, and SpaceX still holds Bitcoin."
Tesla BTC Holdings Information
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Sun Valley Releases 2025 Financial Report: Bitcoin Mining Revenue Reaches $670 Million, Accelerating Transformation to AI Infrastructure Platform
On March 16, 2026, in Dallas, Texas, USA, CanGu Company (New York Stock Exchange code: CANG, hereinafter referred to as "CanGu" or the "Company") today announced its unaudited financial performance for the fourth quarter and full year ended December 31, 2025. As a btc-42">bitcoin mining enterprise relying on a globally operated layout and dedicated to building an integrated energy and AI computing power platform, CanGu is actively advancing its business transformation and infrastructure development.
• Financial Performance:
Total revenue for the full year 2025 was $688.1 million, with $179.5 million in the fourth quarter.
Bitcoin mining business revenue for the full year was $675.5 million, with $172.4 million in the fourth quarter.
Full-year adjusted EBITDA was $24.5 million, while the fourth quarter was -$156.3 million.
• Mining Operations and Costs:
A total of 6,594.6 bitcoins were mined throughout the year, averaging 18.07 bitcoins per day; of which 1,718.3 bitcoins were mined in the fourth quarter, averaging 18.68 bitcoins per day.
The average mining cost for the full year (excluding miner depreciation) was $79,707 per bitcoin, and for the fourth quarter, it was $84,552;
The all-in sustaining costs were $97,272 and $106,251 per bitcoin, respectively.
As of the end of December 2025, the company has cumulatively produced 7,528.4 bitcoins since entering the bitcoin mining business.
• Strategic Progress:
The company has completed the termination of the American Depositary Receipt (ADR) program and transitioned to a direct listing on the NYSE to enhance information transparency and align with its strategic direction, with a long-term goal of expanding its investor base.
CEO Paul Yu stated: "2025 marked the company's first full year as a bitcoin mining enterprise, characterized by rapid execution and structural reshaping. We completed a comprehensive adjustment of our asset system and established a globally distributed mining network. Additionally, the company introduced a new management team, further strengthening our capabilities and competitive advantage in the digital asset and energy infrastructure space. The completion of the NYSE direct listing and USD pricing also signifies our transformation into a global AI infrastructure company."
"As we enter 2026, the company will continue to optimize its balance sheet structure and enhance operational efficiency and cost resilience through adjustments to the miner portfolio. At the same time, we are advancing our strategic transformation into an AI infrastructure provider. Leveraging EcoHash, we will utilize our capabilities in scalable computing power and energy networks to provide cost-effective AI inference solutions. The relevant site transformations and product development are progressing simultaneously, and the company is well-positioned to sustain its execution in the new phase."
The company's Chief Financial Officer, Michael Zhang, stated: "By 2025, the company is expected to achieve significant revenue growth through its scaled mining operations. Despite recording a net loss of $452.8 million from ongoing operations, mainly due to one-time transformation costs and market-driven fair value adjustments, the company, from a financial perspective, will reduce its leverage, optimize its Bitcoin reserve strategy and liquidity management, introduce new capital to strengthen its financial position, and seize investment opportunities in high-potential areas such as AI infrastructure while navigating market volatility."
The total revenue for the fourth quarter was $1.795 billion. Of this, the Bitcoin mining business contributed $1.724 billion in revenue, generating 1,718.3 Bitcoins during the quarter. Revenue from the international automobile trading business was $4.8 million.
The total operating costs and expenses for the fourth quarter amounted to $4.56 billion, primarily attributed to expenses related to the Bitcoin mining business, as well as impairment of mining machines and fair value losses on Bitcoin collateral receivables.
This includes:
· Cost of Revenue (excluding depreciation): $1.553 billion
· Cost of Revenue (depreciation): $38.1 million
· Operating Expenses: $9.9 million (including related-party expenses of $1.1 million)
· Mining Machine Impairment Loss: $81.4 million
· Fair Value Loss on Bitcoin Collateral Receivables: $171.4 million
The operating loss for the fourth quarter was $276.6 million, a significant increase from a loss of $0.7 million in the same period of 2024, primarily due to the downward trend in Bitcoin prices.
The net loss from ongoing operations was $285 million, compared to a net profit of $2.4 million in the same period last year.
The adjusted EBITDA was -$156.3 million, compared to $2.4 million in the same period last year.
The total revenue for the full year was $6.881 billion. Of this, the revenue from the Bitcoin mining business was $6.755 billion, with a total output of 6,594.6 Bitcoins for the year. Revenue from the international automobile trading business was $9.8 million.
The total annual operating costs and expenses amount to $1.1 billion.
Specifically, they include:
· Revenue Cost (excluding depreciation): $543.3 million
· Revenue Cost (depreciation): $116.6 million
· Operating Expenses: $28.9 million (including related-party expenses of $1.1 million)
· Miner Impairment Loss: $338.3 million
· Bitcoin Collateral Receivable Fair Value Change Loss: $96.5 million
The full-year operating loss is $437.1 million. The continuing operations net loss is $452.8 million, while in 2024, there was a net profit of $4.8 million.
The 2025 non-GAAP adjusted net profit is $24.5 million (compared to $5.7 million in 2024). This measure does not include share-based compensation expenses; refer to "Use of Non-GAAP Financial Measures" for details.
As of December 31, 2025, the company's key assets and liabilities are as follows:
· Cash and Cash Equivalents: $41.2 million
· Bitcoin Collateral Receivable (Non-current, related party): $663.0 million
· Miner Net Value: $248.7 million
· Long-Term Debt (related party): $557.6 million
In February 2026, the company sold 4,451 bitcoins and repaid a portion of related-party long-term debt to reduce financial leverage and optimize the asset-liability structure.
As per the stock repurchase plan disclosed on March 13, 2025, as of December 31, 2025, the company had repurchased a total of 890,155 shares of Class A common stock for approximately $1.2 million.
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