Bitcoin (BTC) is the cryptocurrency that appears most often in the asset declarations of candidates for Brazil's 2026 elections, according to a survey based on public data from Brazil's electoral court, the Tribunal Superior Eleitoral (TSE). Ethereum (ETH) also stands out, while XRP, Solana (SOL), Chainlink (LINK), Cardano (ADA) and Dogecoin (DOGE) are among the other assets that recur in the wallets reported to the electoral authorities.
The analysis is part of a broader survey into the presence of cryptocurrencies in candidates' assets. It identified 320 asset entries related to the digital asset market across 162 candidacies, with more than 1 billion BRL declared in the widest count.
To identify the most common cryptocurrencies, however, the scope is narrower. Only descriptions in which the candidate explicitly identifies a coin were considered, either by name — such as Bitcoin or Ethereum — or by ticker, such as BTC, ETH and SOL.
Generic entries such as "cryptocurrencies", "digital assets" or simply balances held at exchanges where it is not possible to determine which coin is being custodied were left out of the comparison. Funds, ETFs and other financial products linked to the crypto market were also not counted as a direct declaration of the cryptocurrency itself.
The result shows heavy concentration in the market's leading assets, above all Bitcoin and Ethereum, but also an unusual diversity in the smaller holdings. Beyond the largest cryptocurrencies, the dataset includes names such as Litecoin (LTC), Polkadot (DOT), Shiba Inu (SHIB), Polygon (MATIC), Stellar (XLM), Uniswap (UNI) and various lesser-known tokens.
The figures are self-declared by the candidates and do not necessarily reflect the coins' current value. The TSE itself notes that the files are fed by the CAND, Candex and DivulgaCand systems and updated four times a day, so new entries or changes may still appear during the electoral process.
Bitcoin leads, and also concentrates the largest holdings
Bitcoin's lead is not only a matter of how often it appears. BTC also accounts, by a wide margin, for the largest financial volume among the cryptocurrencies identified by name.
The main reason is Leonardo Avalanche, a vice-presidential candidate for the PRTB party, who declared 491.17 million BRL in Bitcoin to the TSE. That holding represents practically all of the cryptocurrency assets identified in the survey once an atypical case is set aside, in which a candidate attributed 500 million BRL to a token of his own that has not yet launched.
But Bitcoin's presence goes well beyond that outsized case.
Kaue Oliveira, a federal deputy candidate for Novo in Santa Catarina, declared holding 10 BTC, valued at 822,000 BRL. Dr. Frederico, a federal deputy candidate for the PL party in Minas Gerais, reported 385,000 BRL in Bitcoin, while Lucas Pocay, a state deputy candidate for the PSD party in São Paulo, declared 1.01632351 BTC, valued at 340,000 BRL.
Another example is federal deputy Bibo Nunes (PL-RS), seeking re-election. His assets reported to the TSE include 242,871 BRL in Bitcoin held at Bitybank, plus smaller positions in Solana and Dogecoin.
There are also candidates with far smaller sums. State deputy Carla Morando, seeking re-election in São Paulo, declared 25,279.67 BRL in Bitcoin, along with Ethereum and other assets.
The range of values shows that Bitcoin's lead does not stem from one or two large fortunes alone. The cryptocurrency appears both in holdings worth hundreds of millions of reais and in wallets worth just a few thousand.
Ethereum appears in more diversified wallets
Ethereum, together with Bitcoin, forms the pair of assets that recur most often in the descriptions submitted to the electoral authorities. One difference noted in the survey is that ETH frequently appears as part of wallets that also include other cryptocurrencies, rather than representing a very large share of assets on its own.
That is the case of Mario Certo (PSB-PR), a federal deputy candidate. He declared 25,000 BRL in Ethereum, plus 10,000 BRL in Chainlink and 5,000 BRL in Solana. Combined, the three positions total 40,000 BRL.
Carla Morando also reported 16,126.52 BRL in Ethereum, in addition to the 25,200 BRL in Bitcoin and a small position in Meli Dólar.
Fabrício Cardoso (Pode-SP) is an even clearer example of this diversification. The state deputy candidate declared 0.01194146 BTC, valued at 3,978.88 BRL, and 0.08388452 ETH, worth 1,989.55 BRL. The same wallet also lists XRP, Polkadot, Cardano and Litecoin, each valued at close to 1,000 BRL.
This kind of declaration helps explain why the number of crypto entries exceeds the number of candidacies identified in the survey: a single person can report several coins separately to the TSE.
It also means that a cryptocurrency appearing frequently does not necessarily imply it accounts for a large financial volume. Frequency and declared value are different indicators.
XRP, Solana, Chainlink and Cardano also feature among candidates
After Bitcoin and Ethereum, declarations become far more scattered, but some familiar market names recur.
Among them are XRP, Solana, Chainlink and Cardano, alongside Dogecoin. These coins appear both in diversified wallets and in a few notable individual positions.
The largest example is Ednailson Leite Rozenha, known as Rozenha (PSD-AM). The state deputy candidate declared 2.51 million BRL in XRP, described as "Ripple acquired at average cost". It is one of the largest altcoin positions found in the survey. Rozenha also declared a small amount of Chainlink.
Solana turns up across different profiles. Mario Certo declared 5,000 BRL in SOL, while Bibo Nunes reported 7,129 BRL in Solana, in addition to Bitcoin and Dogecoin.
Chainlink also appears directly in the declarations. Besides the 10,000 BRL reported by Mario Certo, Rozenha listed LINK among his assets.
Cardano, meanwhile, appears among the six different crypto assets declared by Fabrício Cardoso. The São Paulo candidate reported 93.16603518 ADA, valued at 994.94 BRL.
Dogecoin, for its part, appears even under different spellings. Bibo Nunes declared 506 BRL in "Dodgecoin", a description that appears in that form in the electoral data and refers to Dogecoin.
The variety seen in the declarations partly tracks the assets that have gained the most ground in the Brazilian market. Bitcoin, Ethereum, XRP, Solana, Litecoin, Chainlink, Cardano, Dogecoin, Polygon, Stellar and Uniswap, for example, are among the assets for which Brazil's central bank, the Banco Central do Brasil, created specific codes in the table to be used by virtual asset service providers in their regulatory reporting.
Other tokens declared
Beyond the main names, the TSE database turns into a long list of assets. Declarations also include Polkadot, Litecoin, Stellar, Shiba Inu, Polygon, Uniswap, Cosmos, Internet Computer, Algorand, Harmony, Enjin, Holo and WiBX, among others.
There are also more recent or unusual tokens in candidates' wallets, including assets that would hardly turn up in a search limited only to the largest cryptocurrencies on the market.
That variety is one reason the survey also drew on the free-text descriptions of the assets. The TSE has no specific asset category for each cryptocurrency. In many cases, the assets are simply classified as "Other Assets and Rights" or "Other Investments and Applications", leaving it to the candidate to describe what they actually hold.
Fabrício Cardoso, for instance, listed BTC, ETH, XRP, DOT, ADA and LTC across six separate lines classified as "Other Assets and Rights". Bibo Nunes, meanwhile, recorded Bitcoin, Solana and Dogecoin as "Other Investments and Applications".
The methodology also required caution with tickers. Very short abbreviations can coincide with the initials of companies, funds or other words found in the declarations. For that reason, an entry was only counted when the context indicated it genuinely referred to a digital asset.
Stablecoins also appear in the declarations, as do some assets tied to specific platforms. Taken together, the data show that the crypto holdings of Brazilian candidates partly mirror the structure of the market itself: Bitcoin out in front, Ethereum in a clear second place, and, behind them, the money spread across dozens of altcoins.
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