Eric Trump's $600M Stake Wipes Out as American Bitcoin Corp. Stock Crashes

American Bitcoin Corp., a Bitcoin mining and treasury firm, has seen its stock plummet by 97% from its September 2025 peak of $217 to a record low of $5.98.

This massive sell-off has devalued Eric Trump's stake in the company by around $600 million, according to a Bloomberg report.

The firm's Chief Strategy Officer and majority owner of ABTC (the company's stock ticker), Eric Trump, downplayed the stock's decline as 'crypto market volatility' and reiterated his commitment to buying more Bitcoin at a discount.

In fact, despite the ongoing sell-off, American Bitcoin Corp. increased its BTC stash to 8,000 coins from 7,500 coins.