Defense Secretary Pete Hegseth disclosed that his holdings in Bitcoin on Coinbase produced capital gains ranging from $2,702 to $6,000 during 2025, as detailed in his annual financial report. The annual disclosure, certified on September 18 by the Office of Government Ethics, outlines two separate Bitcoin stakes in a single Coinbase wallet. The first stake, valued between $15,001 and $50,000, registered capital gains between $2,501 and $5,000. The second stake, worth $1,001 to $15,000, resulted in gains of $201 to $1,000.