Eric Trump
Eric Trump's American Bitcoin shares plunge nearly 40% amid crypto downturn
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Shares in American Bitcoin Corp, co-founded by Eric Trump, tumbled nearly 40% on December 2, 2025, following the expiration of a share lockup and a broader decline in cryptocurrency values. The rapid selloff triggered multiple trading halts and erased about $1 billion from the company's market value. Eric Trump attributed the volatility to early investors cashing in profits while reaffirming his commitment to the firm.
A Chinese technology company, Bitmain, has provided unusually favorable terms to American Bitcoin Corporation, a firm partially owned by Eric Trump, for purchasing advanced mining equipment. SEC filings reveal the deal involves pledged bitcoin payments redeemable over two years, raising concerns about potential influence on the Trump administration. Experts highlight the arrangement's unusual nature amid national security worries over Bitmain's technology.