Defense Secretary Pete Hegseth Holds Bitcoin in a Coinbase Wallet, Filing Shows
Published . Updated .
Two entries in his annual disclosure put the holding somewhere between $16,000 and $65,000, alongside more than $1 million in cash.
Directly affected
- No company is named in this report.
Indirectly affected
- LMT Lockheed Martin
Defense contractors get more work when conflict spending rises
- RTX RTX
Defense contractors get more work when conflict spending rises
- NOC Northrop Grumman
Defense contractors get more work when conflict spending rises
- GD General Dynamics
Defense contractors get more work when conflict spending rises
- IBIT iShares Bitcoin Trust
This price moves with the crypto market
- COIN Coinbase
The crypto exchange moves with trading volumes
- ITA iShares U.S. Aerospace & Defense
A fund of aerospace and defense companies
- BA Boeing
Defense and aerospace orders move with conflict spending
- LHX L3Harris
Defense contractors get more work when conflict spending rises
- HII Huntington Ingalls
Shipyards benefit when naval spending rises
Price reaction, T-5 to T+3
Two entries in his annual disclosure put the holding somewhere between $16,000 and $65,000, alongside more than $1 million in cash.
Source: Decrypt
The price since 25 Sep 2026: Bitwise Bitcoin ETF (BITB) versus the S&P 500
Since the first closing price after “Defense Secretary Pete Hegseth Holds Bitcoin in a Coinbase Wallet, Filing Shows,” Bitwise Bitcoin ETF (BITB) is -1.97%. The S&P 500 fund (SPY) is +0.15% over the same days, a -2.11% difference versus the market.
Who gains and who loses around Bitwise Bitcoin ETF (BITB)
Companies mentioned with this story
- BITB Bitwise Bitcoin ETF
Bitwise Bitcoin ETF (BITB) is linked, with no stored direction, medium confidence in the 25 Sep 2026 story “Defense Secretary Pete Hegseth Holds Bitcoin in a Coinbase Wallet, Filing Shows.” Reason on file: GA selected BITB as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- BITU Proshares Ultra Bitcoin Etf
For “Defense Secretary Pete Hegseth Holds Bitcoin in a Coinbase Wallet, Filing Shows,” Proshares Ultra Bitcoin Etf (BITU) is linked, with no stored direction, medium confidence. Reason on file: GA selected BITU as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- BITX 2X Bitcoin Strategy Etf
2X Bitcoin Strategy Etf (BITX) is linked, with no stored direction, medium confidence in the 25 Sep 2026 story “Defense Secretary Pete Hegseth Holds Bitcoin in a Coinbase Wallet, Filing Shows.” Reason on file: GA selected BITX as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- GBTC Grayscale Bitcoin Trust ETF
Grayscale Bitcoin Trust ETF (GBTC) is linked, with no stored direction, medium confidence in the 25 Sep 2026 story “Defense Secretary Pete Hegseth Holds Bitcoin in a Coinbase Wallet, Filing Shows.” Reason on file: GA selected GBTC as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- IBIT iShares Bitcoin Trust ETF
iShares Bitcoin Trust ETF (IBIT) is linked, with no stored direction, medium confidence in the 25 Sep 2026 story “Defense Secretary Pete Hegseth Holds Bitcoin in a Coinbase Wallet, Filing Shows.” Reason on file: GA selected IBIT as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- ITA IShares U.S. Aerospace & Defense ETF
IShares U.S. Aerospace & Defense ETF (ITA) is linked, with no stored direction, medium confidence in the 25 Sep 2026 story “Defense Secretary Pete Hegseth Holds Bitcoin in a Coinbase Wallet, Filing Shows.” Reason on file: GA selected ITA as a RELATED security because its canonical security name directly matches this event's themes: defense. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Bitwise Bitcoin ETF (BITB)
“Defense Secretary Pete Hegseth Holds Bitcoin in a Coinbase Wallet, Filing Shows” (25 Sep 2026) reaches Bitwise Bitcoin ETF (BITB) through this story.
For Bitwise Bitcoin ETF (BITB), the reason on file says GA selected BITB as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Also listed, Proshares Ultra Bitcoin Etf (BITU): GA selected BITU as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Dates in the story, and the Bitwise Bitcoin ETF (BITB) price range
BITB traded between 43.26 and 47.30 across 20 sessions. The latest close on file is 44.34. BITU traded between 13.70 and 16.49 across 20 sessions. The latest close on file is 14.38. BITX traded between 17.70 and 21.33 across 20 sessions. The latest close on file is 18.59.
What the saved facts support for Bitwise Bitcoin ETF (BITB)
46 out of 100
“Defense Secretary Pete Hegseth Holds Bitcoin in a Coinbase Wallet, Filing Shows” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.