Trump family trust bought Coinbase and crypto stocks in Q1

The Trump family trust reported more than 3,600 transactions executed between January and March 2026, with a cumulative value the filing places between $220 million and $750 million, according to a 278-T disclosure filed May 14 with the Office of Government Ethics. The filing lists purchases of Coinbase and several crypto-linked stocks, including MARA Holdings, CleanSpark, Robinhood, SoFi Technologies and Block.

The disclosure shows activity across municipal bonds, index funds and individual corporate equities. Many trades involved large companies such as Nvidia, Apple, Microsoft, Boeing and Costco, with some transactions in those names reported at values up to $5 million each.

The trust reported nine purchases of Coinbase shares during the quarter; the largest Coinbase-related transaction is listed in the $100,001 to $250,000 range. Holdings tied to Bitcoin mining and crypto services include MARA and CleanSpark. The filing lists purchases related to Robinhood, SoFi and Block. The trust also traded Strategy (formerly MicroStrategy) Class A shares eight times, including a February purchase reported as high as $100,000 and a January sale reported as high as $50,000.

The 278-T form does not state whether former President Donald Trump personally directed any trades. The filing does not identify the exact accounts used for each transaction or specify the security type for every entry. The family’s assets are held in a trust, and some trades appear to have been executed through brokers. The 278-T format provides value ranges rather than precise dollar amounts for many entries.

The disclosures arrive amid a series of federal policy actions related to digital assets. The Securities and Exchange Commission under Chairman Paul Atkins has created a crypto task force, opened discussions on new rulemaking and paused or dropped several enforcement actions. The Justice Department disbanded its national cryptocurrency enforcement team. The Commodity Futures Trading Commission has advanced measures favored by industry participants.

In March, the president ordered the establishment of a US digital asset stockpile and a Strategic Bitcoin Reserve, directing the government to retain certain forfeited crypto assets rather than liquidating them. Congress passed the GENIUS Act last year to set federal rules for stablecoins, and lawmakers are advancing the Clarity Act, which would shift more market-structure oversight to the CFTC.

Members of Congress and ethics observers have raised questions about overlaps between the trust’s disclosed investments and federal policy decisions. Last year, congressional Democrats cited estimates that the president’s crypto holdings could be as much as $11.6 billion and reported roughly $800 million in income from digital-asset sales in the first half of 2025. Senator Elizabeth Warren asked the SEC to review a $75 million borrowing by World Liberty Financial that used about $440 million in WLFI tokens as collateral on a decentralized lending protocol called Dolomite, alleging restrictions on outside WLFI holders and drained stablecoin liquidity; the SEC has not announced an enforcement action tied to that request.

Ethics observers noted the trust’s holdings include sectors affected by federal policy, such as defense, semiconductors, banking and energy. The 278-T disclosure adds to public records and congressional inquiries that document financial activity by officials and their families, while not assigning responsibility for individual trading decisions.