U.S. President Donald Trump’s latest financial disclosures indicate that proceeds from his family’s cryptocurrency ventures were largely reinvested into traditional equities and fixed-income assets.

The filings show that his holdings in stocks and bonds increased at least fourfold over the last fiscal year, marking a significant shift toward conventional market instruments despite the high-profile promotion of digital assets.

4 billion in income from these cryptocurrency operations in the previous fiscal year.

This allocation strategy stands in stark contrast to the performance experienced by retail investors in the same ventures.

According to The Globe and Mail, while the Trump family diversified into safer assets, nearly one million retail holders faced negative returns, with collective losses in the president’s crypto projects estimated at approximately $3.8 billion.

The divergence highlights a growing asymmetry between the promoters of these digital assets and the end-users who provided the capital.

The disclosures follow earlier reports that the Trump family recorded more than $1.4 billion in income from these cryptocurrency operations in the previous fiscal year.