The Biggest Crypto Wallet Losses Caused By Trump’s Tariffs

In a week marked by extreme market volatility and sweeping tariff policies, the crypto market has taken a dramatic hit — impacting even the most diversified and prominent wallets. From institutional giants to publicly tracked addresses, losses have surged, spotlighting the extreme volatility in the market.

Here are the recent losses of the top five crypto wallets, revealing how much value they shed over the first week of April 2025.

1. Michael Saylor’s MicroStrategy

Over the past week, amid the current market turmoil, Strategy’s (formerly MicroStrategy) Bitcoin holdings have declined in value — from $26.2billion down to $25.5bn. Overall, during 2025, the company has seen a $2.3bn reduction in the value of its Bitcoin holdings.

This drop comes even as MicroStrategy aggressively invested over $5bn on Bitcoin purchases in the past three months alone, buying at various price points to diversify its cost basis.

Despite these recent market challenges, MicroStrategy has maintained strong financial performance. In the last two financial quarters, the company reported profits totaling approximately $17.47bn.

This strong performance is driven by its aggressive and continuous Bitcoin purchase strategy, which involves buying at various price points to optimize long-term gains.

2. Mt. Gox Bitcoin wallet

The Mt. Gox wallet, one of the largest Bitcoin holding addresses in existence, has recently seen a loss of $173m in value amid the Trump tariff-induced market chaos. Originally part of the infamous Mt. Gox exchange — a once-dominant Bitcoin trading platform that collapsed in 2014 due to a massive hack — this wallet remains active today as a major repository for Bitcoin.

The Mt. Gox wallet is now managed by the bankruptcy trustee appointed to oversee the remaining assets of the defunct Mt. Gox exchange. Essentially, rather than belonging to an individual, the wallet is held in trust for the creditors of Mt. Gox as part of the ongoing bankruptcy proceedings.

3. The Bitfinex hack recovery wallet

The Bitfinex hack recovery wallet, which holds a diversified portfolio of cryptocurrencies including Bitcoin, Ethereum, Solana, and others, lost $2.76bn in value over the past week. This wallet is part of the ongoing recovery process following the infamous Bitfinex hack.

Managed under legal oversight to compensate affected users, it now serves as a secure repository for recovered assets while its losses underscore the broader market volatility amid the current economic turbulence.

4. Binance cold wallet

The Binance cold wallet, used to securely store a significant portion of the exchange’s assets offline, lost $3.97bn in value over the past week amid tariff-induced market turmoil. Designed to safeguard crypto holdings from online threats, this cold wallet is a critical component of Binance’s asset security.

The substantial decline in value in the holdings of the largest crypto exchange reflects the broader economic and market volatility triggered by aggressive tariff policies and global trade disruptions.

5. Justin Sun

Tron founder Just Sun’s publicly available wallet lost $51.67m over the past week amid turbulent market conditions. Currently valued at over $968m, the wallet holds a diversified portfolio of crypto assets, with substantial positions in TRX and staked Ethereum.

Publicly tracked on blockchain explorers, this wallet offers transparency into Just Sun’s asset holdings and reflects how market volatility — exacerbated by tariff-induced economic uncertainty — can impact even significant and well-established portfolios.