Donald Trump and his family’s crypto businesses generated more than $1 billion in 2025, even as Bitcoin lost more than half its value from its record high and many retail investors suffered heavy losses.
US President Donald Trump and his family’s cryptocurrency ventures generated more than $1 billion in 2025, according to his latest federal financial disclosure, highlighting a sharp contrast between the family’s earnings and the losses suffered by many crypto investors.
The filing shows that World Liberty Financial (WLFI), the Trump-backed decentralised finance platform, raised more than $500 million through token sales during the year.
Another $635 million came from a licensing agreement linked to the $TRUMP memecoin, bringing the disclosed earnings from the family’s crypto businesses to more than $1 billion.
A separate Reuters investigation estimated that the Trump family’s broader crypto ventures generated about $2.3 billion when equity sales and stablecoin-related transactions are included.
Trump-linked entities also control about 80% of the total supply of the $TRUMP memecoin, according to reports by CNN and Yahoo Finance. That ownership structure allowed businesses tied to the president to benefit from trading fees and royalties while many retail investors saw the token’s value collapse.
The $TRUMP memecoin has lost about 98% of its value since it was launched shortly before Trump’s inauguration.
Hilary Allen, a law professor at American University, questioned the impact of the administration’s crypto policies.
“They’ve given them everything they could possibly want,” Allen said.
She added:
“The Trump family ventures have not ameliorated the perception that crypto is scammy.”
The gains by Trump’s businesses came during a turbulent period for the wider cryptocurrency market.
After surging more than 80% following the 2024 US election, Bitcoin climbed to an all-time high of about $126,000 in October 2025 before falling below $60,000 weeks later, wiping out more than half of its value.
The decline triggered an estimated $3.2 billion in realised losses in a single day, marking the crypto market’s biggest sell-off since the collapse of FTX.
Analysts linked the downturn to heavy withdrawals from US spot Bitcoin exchange-traded funds (ETFs), which recorded about $2.7 billion in outflows in one week. Investors also shifted money into artificial intelligence and semiconductor stocks, while forced liquidations of leveraged crypto positions accelerated the sell-off.
Yusuf Fakhro, a partner at crypto infrastructure firm ARP Digital, said market conditions remain fragile.
“The most violent selling appears to be moderating, but demand has not yet returned,” he said, adding that he expects a “slower bleed.”
Despite the market downturn, the Trump administration has continued to support the cryptocurrency industry.
The White House has appointed officials viewed as friendly to the sector, while the Securities and Exchange Commission has dropped several enforcement actions against crypto companies linked to the Trump family.
The administration has also proposed creating a strategic Bitcoin reserve and backed bipartisan legislation aimed at establishing clearer federal rules for digital assets.
Cornell University economics professor Eswar Prasad said the long-term outlook for the industry remains positive.
“This will of course boost demand for and valuations of digital assets, implying a healthy future for this entire ecosystem notwithstanding some short-term bumps in the road,” he said.
The White House maintains that Trump is not actively managing his businesses while serving as president, despite the substantial earnings disclosed from his family’s cryptocurrency ventures.
