Goldman Sachs has disclosed more than $2.36 billion in crypto exposure in its Q4 2025 13F filing on February 10, 2026. The Wall Street investment bank reported $1.1 billion in Bitcoin, $1.0 billion in Ethereum, $153 million in XRP, and $108 million in Solana. Notably, the crypto positions represent just 0.33% of its total reported investment portfolio.
Goldman Sachs Details $2.36B Crypto Exposure in Q4 2025 Filing
According to the company filing, Goldman Sachs reported these holdings as part of its Q4 2025 portfolio snapshot, covering positions as of December 31, 2025. The disclosure showed the firm held the largest crypto allocation in Bitcoin, followed closely by Ethereum.
However, the near-equal weighting between Bitcoin and Ethereum led to scrutiny across the crypto industry. Moonrock Capital founder and managing partner Simon Dedic said it was “very interesting” to see Goldman holding almost as much ETH as Bitcoin.
Dedic added that the allocation stood out because conservative portfolio structures often follow market-cap weighting. He described the move as “significantly more bullish on Ethereum than Bitcoin.”
Meanwhile, Binance founder Changpeng Zhao, CZ, also highlighted the filing’s size and quarterly increase. CZ said Goldman Sachs’ Q4 2025 13F filing showed $2.36 billion in crypto assets, a 15% quarter-over-quarter rise.
Q3 vs Q4 2025 Filing Shows Slight Portfolio Drop
Goldman Sachs’ Q4 filing also provided a clearer comparison with its previous quarter. The bank reported $811.1 billion in total 13F holdings value for Q4 2025, with 6,411 holdings. However, in Q3 2025, Goldman reported $817.4 billion in holdings value with 6,295 holdings.
That means the total reported holdings value fell slightly, even as the number of holdings increased. The crypto exposure, likely held through ETFs, remained a small slice of its overall portfolio.
White House Stablecoin Yield Meeting Adds New Spotlight
The disclosure comes as crypto firms and major U.S. banks prepared for a White House meeting on stablecoin yield. The White House scheduled the meeting for Tuesday afternoon to broker an agreement between banks and crypto firms.
According to the meeting details, senior policy staff will attend instead of company CEOs. Representatives from banking and crypto trade groups will also take part.
Journalist Eleanor Terrett said Goldman Sachs has representation at the White House meeting. She also reported that Goldman CEO David Solomon is scheduled to speak at the World Liberty Forum in Palm Beach next week.
The World Liberty Forum is expected to host around 300 global leaders across finance, technology, and policy. Other scheduled speakers include Franklin Templeton CEO Jenny Johnson, CFTC Chairman Michael Selig, FIFA President Gianni Infantino, and WLFI co-founders Eric Trump and Donald Trump Jr.