Trump’s 2025 filing period income exceeds $1.4 billion, crushing most listed crypto companies
📍 Event background
Frank Chaparro, head of content at GSR, shared a jaw-dropping set of data on X: during the 2025 filing period, Trump’s revenue exceeded $1.4 billion. Not only does this figure far surpass the同期 performance of the vast majority of publicly listed crypto companies, it also exposes an awkward reality in the crypto industry—“the President as an individual” is becoming the biggest money-maker in this space.
📋 Core content breakdown
1. Trump’s financial filing disclosure: holds BTC and ETH worth over $100 million; income in the 2025 filing period exceeds $1.4 billion
2. Performance comparison of listed crypto companies:
- Coinbase: about $1.26 billion
- CleanSpark: about $365 million
- IREN: about $87 million
- Bitdeer: about $66 million
- Hive Digital, Bit Digital, Bitfarms, Galaxy Digital, Hut 8, Core Scientific: all recorded losses
3. Key contrast: Trump’s personal income > Coinbase’s company revenue
🔑 Core logic analysis
The irony of this data lies in the fact that the “decentralization” and “fighting against traditional finance” narrative promoted by the crypto industry is being crushed—by sheer personal wealth—in the form of the most traditional figure of political power. Trump’s shift from a “crypto skeptic” to the “biggest crypto winner” is, at its core, a carefully designed political-financial arbitrage.
More thought-provoking is this: when the revenue of a publicly listed company is not as much as a political figure’s personal income, can the industry’s foundational business logic really stand up to scrutiny? As an industry infrastructure provider, Coinbase’s $1.26 billion in revenue has been surpassed by Trump personally, indicating that value capture in the current crypto market remains highly concentrated in speculation and early holdings, rather than sustainable business models.
💡 Impact on the crypto market
1. Political risk premium: Trump’s crypto holdings create potential conflicts of interest in its policy stance; in the future, the direction of regulation may lean more toward “friendly but controlled”
2. Institutional confidence split: traditional financial institutions may see this as a signal of the crypto market becoming “politicized,” not as technology-driven value growth
3. Retail sentiment: in the short term, it may trigger FOMO, but in the long run, this “politician gets rich” narrative could intensify regulatory scrutiny
📊 Data support
- Trump’s filing income: $1.4 billion+
- Coinbase revenue in the same period: $1.26 billion
- Number of loss-making miners: 6 (Hive Digital, Bit Digital, Bitfarms, Galaxy Digital, Hut 8, Core Scientific)
- Current BTC price: $61254.2 (24h +4.467%)
- BTC funding rate: 0.00008989 (mildly bullish)
$BTC daily-line sell point: $61628 daily-line buy point: $60880
$ETH daily-line sell point: $2611 daily-line buy point: $2521
$BTC #BTC $ETH #ETH
📍 Event background
Frank Chaparro, head of content at GSR, shared a jaw-dropping set of data on X: during the 2025 filing period, Trump’s revenue exceeded $1.4 billion. Not only does this figure far surpass the同期 performance of the vast majority of publicly listed crypto companies, it also exposes an awkward reality in the crypto industry—“the President as an individual” is becoming the biggest money-maker in this space.
📋 Core content breakdown
1. Trump’s financial filing disclosure: holds BTC and ETH worth over $100 million; income in the 2025 filing period exceeds $1.4 billion
2. Performance comparison of listed crypto companies:
- Coinbase: about $1.26 billion
- CleanSpark: about $365 million
- IREN: about $87 million
- Bitdeer: about $66 million
- Hive Digital, Bit Digital, Bitfarms, Galaxy Digital, Hut 8, Core Scientific: all recorded losses
3. Key contrast: Trump’s personal income > Coinbase’s company revenue
🔑 Core logic analysis
The irony of this data lies in the fact that the “decentralization” and “fighting against traditional finance” narrative promoted by the crypto industry is being crushed—by sheer personal wealth—in the form of the most traditional figure of political power. Trump’s shift from a “crypto skeptic” to the “biggest crypto winner” is, at its core, a carefully designed political-financial arbitrage.
More thought-provoking is this: when the revenue of a publicly listed company is not as much as a political figure’s personal income, can the industry’s foundational business logic really stand up to scrutiny? As an industry infrastructure provider, Coinbase’s $1.26 billion in revenue has been surpassed by Trump personally, indicating that value capture in the current crypto market remains highly concentrated in speculation and early holdings, rather than sustainable business models.
💡 Impact on the crypto market
1. Political risk premium: Trump’s crypto holdings create potential conflicts of interest in its policy stance; in the future, the direction of regulation may lean more toward “friendly but controlled”
2. Institutional confidence split: traditional financial institutions may see this as a signal of the crypto market becoming “politicized,” not as technology-driven value growth
3. Retail sentiment: in the short term, it may trigger FOMO, but in the long run, this “politician gets rich” narrative could intensify regulatory scrutiny
📊 Data support
- Trump’s filing income: $1.4 billion+
- Coinbase revenue in the same period: $1.26 billion
- Number of loss-making miners: 6 (Hive Digital, Bit Digital, Bitfarms, Galaxy Digital, Hut 8, Core Scientific)
- Current BTC price: $61254.2 (24h +4.467%)
- BTC funding rate: 0.00008989 (mildly bullish)
$BTC daily-line sell point: $61628 daily-line buy point: $60880
$ETH daily-line sell point: $2611 daily-line buy point: $2521
$BTC #BTC $ETH #ETH