Eric Trump's $600M Bitcoin Venture Wipeout: 'The Stacking Continues'

Eric Trump's stake in American Bitcoin Corp., a firm he co-founded and where he serves as Chief Strategy Officer, has taken a massive hit. According to Bloomberg, his investment in the company has been devalued by around $600 million due to the decline of its stock price. The ABTC ticker has plummeted by 97% from its peak of $217 in September 2025 to a record low of $5.98 this week.

The firm's stock was forced to undergo a 1-for-5 reverse stock split on July 2nd to avoid being delisted from the Nasdaq due to maintaining a minimum bid price of $1. This comes after another Bitcoin treasury firm, Nakamoto, took similar action to remain listed.

Despite this, American Bitcoin Corp. has increased its BTC holdings to 8,000 coins from 7,500. Eric Trump downplayed the stock sell-off, saying it's just 'crypto market volatility' and reaffirmed his commitment to buying more BTC at a discount.