Trump sold Coinbase and Strategy in June.
Yet in public, he shouted, “The U.S. should become a bitcoin superpower.”
Trump’s mouth: Bitcoin is strategic reserves; crypto is the future.
Trump’s wallet: He sold Coinbase in three rounds and Strategy in two rounds—together reducing holdings by nearly $500,000. Then he took the leftover and bought a bit of Robinhood, just over $10,000—like buying groceries.
With more than 1,000 transactions, the total maximum was up to $260 million, and crypto made up a pathetic share. So what does that show? In Trump’s actual asset allocation, crypto stocks are a fringe item. He shouts it loud, but he didn’t really bet much.
So why sell? The timing was way too perfect. June was right around the signing of the GENIUS Act. The SEC was pushing stock tokenization—crypto circles were buzzing, thinking compliance spring was here.
Then he trimmed at the peak. This isn’t bearishness about the long-term value of crypto. It’s short-term arbitrage—policy tailwinds run out, stocks rise, and it’s time to sell.
Retail investors hear that Trump supports bitcoin and rush in to buy Coinbase, buy Strategy, and buy crypto-mining stocks.
But in June, the president was already unloading. By the time retail investors have finished taking the bait, once the earnings season hits, macro data changes, and regulators shift, the stock prices pull back—trapping the crowd that entered based on the slogans.
The small Robinhood purchase is interesting, though. The amount is tiny enough to ignore, but the direction is adding.
Robinhood and Coinbase are sworn enemies; they’re both competing for the retail investor entry point. And in the tokenization narrative, Robinhood is positioned further ahead. Trump sold Coinbase and bought Robinhood—he may be betting on the “next compliant wave,” shifting from exchanges to broker-dealers plus on-chain infrastructure.
These crypto trades amount to nowhere near even a drop in the bucket of his total $260 million in transactions.
A president’s true stance isn’t what he posts on X—it’s how he operates his account. You can shout support every day, but in real-money allocation, crypto is just a side dish.
Yet in public, he shouted, “The U.S. should become a bitcoin superpower.”
Trump’s mouth: Bitcoin is strategic reserves; crypto is the future.
Trump’s wallet: He sold Coinbase in three rounds and Strategy in two rounds—together reducing holdings by nearly $500,000. Then he took the leftover and bought a bit of Robinhood, just over $10,000—like buying groceries.
With more than 1,000 transactions, the total maximum was up to $260 million, and crypto made up a pathetic share. So what does that show? In Trump’s actual asset allocation, crypto stocks are a fringe item. He shouts it loud, but he didn’t really bet much.
So why sell? The timing was way too perfect. June was right around the signing of the GENIUS Act. The SEC was pushing stock tokenization—crypto circles were buzzing, thinking compliance spring was here.
Then he trimmed at the peak. This isn’t bearishness about the long-term value of crypto. It’s short-term arbitrage—policy tailwinds run out, stocks rise, and it’s time to sell.
Retail investors hear that Trump supports bitcoin and rush in to buy Coinbase, buy Strategy, and buy crypto-mining stocks.
But in June, the president was already unloading. By the time retail investors have finished taking the bait, once the earnings season hits, macro data changes, and regulators shift, the stock prices pull back—trapping the crowd that entered based on the slogans.
The small Robinhood purchase is interesting, though. The amount is tiny enough to ignore, but the direction is adding.
Robinhood and Coinbase are sworn enemies; they’re both competing for the retail investor entry point. And in the tokenization narrative, Robinhood is positioned further ahead. Trump sold Coinbase and bought Robinhood—he may be betting on the “next compliant wave,” shifting from exchanges to broker-dealers plus on-chain infrastructure.
These crypto trades amount to nowhere near even a drop in the bucket of his total $260 million in transactions.
A president’s true stance isn’t what he posts on X—it’s how he operates his account. You can shout support every day, but in real-money allocation, crypto is just a side dish.