Trump trims Coinbase, Strategy stakes, buys Robinhood in June

The reallocation is notable less for its size than for its direction: trimming two bellwethers of crypto-native exposure in favor of a brokerage platform with a retail-facing, diversified revenue base. That reads as a tilt toward regulated market infrastructure over pure crypto beta, a distinction that matters as policy attention on the sector intensifies. Whether this reflects a durable portfolio preference or routine position management is the open question, and it is the kind of disclosure that tends to draw scrutiny given the political context.