Pete Hegseth discloses $3.1 million in assets and Bitcoin

U.S. Secretary of Defense Pete Hegseth has disclosed assets totaling at least $3.1 million in his 2025 financial report, according to documents from the Office of Government Ethics. The filing reveals that the Hegseth household holds Bitcoin valued between approximately $16,000 and $65,000, alongside significant cash holdings, including one bank account containing over $1 million.

The disclosure also highlights a major restructuring of the family's investment portfolio following Hegseth's entry into the administration. In 2025, the family purchased exchange-traded funds (ETFs) valued between $1.41 million and $3.05 million. This shift involved selling numerous individual stocks, including positions in major defense contractors such as Lockheed Martin and Northrop Grumman.

Retirement accounts for the household are substantial, with five accounts reported to be worth between $2.05 million and $4.35 million. Hegseth's personal retirement holdings are estimated between $500,000 and $1.25 million, while his wife, Jennifer Hegseth, reported retirement assets valued between $1.55 million and $3.1 million.