David Sacks Confirms: No Crypto Holdings Since Trump Took Office

He stated that he sold all his digital assets before Donald Trump took office as president.

On March 2, Sacks responded to journalist George Hammond's post on X, saying, “I sold all my cryptocurrency (including BTC BTC $87,539.72 , ETH ETH $2,190.75 , and SOL SOL $147.69 ) prior to the start of the administration”.

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His comment followed a Financial Times report that noted his venture capital firm, Craft Ventures, still holds stakes in a small number of crypto-related companies. The report cited an unnamed source who confirmed that both Sacks and Craft Ventures had sold their direct crypto holdings soon after Trump’s inauguration.

Sacks founded Craft Ventures in 2017, and the firm has since raised four funds, the most recent closing in November 2024 with $712 million.

The firm has invested in companies like Bitwise Asset Management and BitGo, a crypto custody service, as well as social media platforms such as Meta, Reddit, and X. Additionally, Sacks personally invested in Solana-focused Multicoin Capital in 2018.

Sacks remains engaged in discussions about digital assets. In another post on X, he praised President Trump’s approach to crypto, stating that the president “is keeping his promise to make the US the crypto capital of the world”.

President Trump recently announced plans for a US government-held crypto reserve. Which cryptocurrencies are included? Read the full story.