Trump's 3,600 Trades Include $50M Bitcoin, Apple Stock

President Donald Trump’s latest ethics filings show more than 3,600 stock transactions in the first quarter of 2026, with values ranging from $220 million to $750 million. The disclosures, released Monday, also reveal over $50 million in Bitcoin held in cold storage.

Among the largest equity positions: multiple purchases of Apple stock, each between $1 million and $5 million. The filings list nine separate Coinbase trades, the biggest falling in the $100K–$500K range, plus recurring activity in Robinhood. The crypto stash sits offline, in a cold-storage setup typical of institutional investors, the filing shows.

Previous disclosures had placed Trump’s Ethereum-based holdings between $1 million and $5 million and NFT licensing revenue above $7 million. The new report shows roughly $1 billion in revenue from crypto ventures, including token sales tied to World Liberty Financial. Family-linked token projects have generated billions in total, with 75% of proceeds flowing to Trump-affiliated entities, the filing states.

Trump’s representatives say his investments are managed by third parties. The administration has taken a pro-crypto stance since Trump returned to office, including a strategic Bitcoin reserve and crypto-friendly regulator appointments.

The volume – 3,600 trades in a single quarter – raises a structural question. A sitting president has access to non-public economic data, advance policy briefings, and the ability to move markets with a social media post. The STOCK Act, which bars members of Congress from trading on insider information, has drawn criticism as toothless, and ethics watchdogs have already flagged the scale of this disclosure.

For Apple holders, Trump’s repeated buys signal confidence. The bigger signal is in the crypto holdings: a president with $50 million in Bitcoin and a billion-dollar revenue stream from token projects has every incentive to keep regulation friendly. That alignment is itself a risk factor for anyone betting on a regulatory crackdown.

The disclosure covers activity through March 31, 2026. The next filing is due in August.

Separately, Trump's crypto-linked revenue comes as the industry struggles under tighter enforcement globally. See related AlphaScala coverage: Trump's $1B Crypto Haul Lands as Industry Struggles.