‘The stacking continues,’ says unfazed Eric Trump despite $600M Bitcoin venture wipeout

ambcryptoPublicado em 2026-07-11Última atualização em 2026-07-11

Resumo

Eric Trump's stake in American Bitcoin Corp. has been devalued by approximately $600 million as the company's stock (ABTC) plummeted 97% from a peak of $217 to a record low of $5.98. To avoid delisting from Nasdaq, the firm executed a 1-for-5 reverse stock split. Despite the severe stock downturn and broader crypto market volatility, the company increased its Bitcoin holdings from 7,500 to 8,000 BTC. Eric Trump, who owns about 6% of the firm and serves as its Chief Strategy Officer, downplayed the losses, attributing them to market volatility and reiterating a commitment to "stacking" more Bitcoin. This occurs amidst a wider easing of corporate treasury demand for Bitcoin, following significant sales by other major holders like Strategy.

Eric Trump’s stake in Bitcoin mining and treasury firm American Bitcoin Corp. has been devalued by about $600 million, according to a Bloomberg report.

He owns about 6% of the firm and doubles as American Bitcoin’s Chief Strategy Officer. His brother, Donald Trump Jr., also owns an undisclosed stake in the firm.

Amid the broader crypto downturn, the firm’s stock, ABTC, has plunged by 97%, crashing from September 2025’s peak of $217 to a record low of $5.98. This week alone, it dumped by over 29%.

Source: ABTC, TradingView

The massive stock dump forced the firm to launch a 1-for-5 reverse stock split on 2nd of July to remain listed on the Nasdaq.

A company’s stock must maintain a minimum bid price of $1 to remain listed on the exchange. In fact, Nakamoto, another Bitcoin treasury firm, was forced to opt for a stock split to avoid a similar delisting.

American Bitcoin Corp. scales holdings to 8,000 BTC

Despite the ongoing stock dump, however, the firm increased its BTC stash to 8,000 coins from 7,500 coins.

Commenting on the same, Eric Trump downplayed the stock sell-off as just ‘crypto market volatility.’ In fact, he simply reiterated the commitment to ‘stacking’ more BTC at a discount.

Even with crypto market volatility, I want to reiterate how we continue to differentiate ourselves, mining at a 52% profit margin in Q1 and continually adding to our treasury, all while maintaining one of the lowest SG&A ratios in the industry. The stacking continues.

Source: Bitcoin Treasuries

Separately, the broader Bitcoin treasury demand for the crypto asset has eased significantly after its largest buyer, Strategy, became a seller. Strategy recently sold $216M worth of BTC.

In the last 30 days of trading, the demand from corporate treasuries has been negligible at 0.3%. In fact, after Strategy’s sale, the overall stash held by public companies dropped from 1.267M to 1.265M BTC.

Source: Bitcoin Treasuries

The market faded the recent Strategy’s sale. However, whether it will help form a ‘durable market bottom’ for BTC and shore broader treasury demand remains to be seen.

Final Summary

  • American Bitcoin Corp. stock dropped to a record low of $5.9 despite a recent reverse stock split.
  • It has dropped by 97% from its last year peak of $217, erasing over $600M of Eric Trump’s stake in the firm.

Perguntas relacionadas

QAccording to the article, what was the primary reason American Bitcoin Corp. launched a reverse stock split?

ATo remain listed on the Nasdaq by raising its stock price, as the exchange requires a minimum bid price of $1.

QHow did Eric Trump characterize the massive decline in ABTC stock value?

AHe downplayed it as just 'crypto market volatility' and reaffirmed his commitment to 'stacking' more Bitcoin at a discount.

QDespite the stock plunge, what positive operational metric did Eric Trump highlight for the company in Q1?

AHe highlighted that the company was mining Bitcoin at a 52% profit margin in Q1.

QWhat significant change in corporate treasury demand for Bitcoin is mentioned following a major seller's actions?

ACorporate treasury demand for Bitcoin has eased significantly, becoming negligible at 0.3% in the last 30 days, after its largest buyer, 'Strategy', sold $216 million worth of BTC and became a seller.

QWhat are the two main financial consequences for Eric Trump as reported in the article's summary?

A1. American Bitcoin Corp. stock dropped to a record low of $5.98. 2. The stock's 97% drop from its peak erased over $600 million of Eric Trump's stake in the firm.

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