The president’s publicly traded company made headlines last summer when it announced plans to invest in bitcoin. Hardly anyone knew that the president himself was also building a stash of the cryptocurrency.

That revelation emerged Tuesday, when Trump released an ethics filing that cataloged his holdings. He disclosed two assets worth more than $50 million and identified each, awkwardly, as a “cryptocurrency wallet virtual bitcoin key (held in cold wallet).” In simpler terms, that appears to just mean a hoard of........

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