Trump Family
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 sharp decline in the cryptocurrency market has cost the Trump family at least $1 billion in fortune since September. Their net worth dropped from $7.7 billion to $6.7 billion, driven by heavy investments in digital assets. Key holdings like the $TRUMP memecoin and related ventures have seen massive value losses amid broader market volatility.
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At a Nov. 5 Turning Point USA event at Auburn University’s Neville Arena, Eric Trump phoned President Donald Trump on stage. The president greeted students, praised Auburn, and paid tribute to the late TPUSA founder Charlie Kirk.