Archive · 4 Sep 2025
Eric Trump's Crypto Stake Worth More Than Golf Empire
Eric Trump, son of former President Donald Trump, saw the value of his stake in American Bitcoin Corp, a bitcoin mining company, increase significantly after its stock market debut.
The company, which uses equipment from Hut 8 Corp, began trading on the Nasdaq.
Shares more than doubled during the session.
Eric Trump owns about 7.5% of American Bitcoin, which is worth more than the value of Trump's golf properties.
The company reported a net income of $3.4 million on $30.3 million of revenue for the three months ending in June.
Eric Trump's stake in American Bitcoin Corp is now worth approximately $548 million.
American Bitcoin Corp, a bitcoin mining company, had a successful stock market debut on Wednesday.
Shares in the company more than doubled.
The company uses machinery from Hut 8 Corp.
American Bitcoin booked net income of $3.4 million on $30.3 million of revenue in the three months ending in June.
- Who
- Eric Trump
- What
- His stake in American Bitcoin Corp increased in value.
- When
- Wednesday
- Where
- Nasdaq
- Why
- Shares of American Bitcoin Corp increased after its debut.
Critics' Concerns
Trump Family Perspective
Conflict of Interest
Critics' Concerns
Concerns about the Trump family profiting from crypto.
Trump Family Perspective
Eric Trump says he is incredibly proud of American Bitcoin Corp.
- Company
- American Bitcoin Corp
- Eric Trump's Stake
- 7.5%
- Stake Value
- $548 million
- Stock Debut Date
- Wednesday
- Stock Exchange
- Nasdaq
- Primary Business
- Bitcoin mining
- Market Cap
- $7.2 billion (Wednesday)
Sources
Donald Trump Hits Crypto Jackpot, Wealth Zooms By Billions As Family Firm Starts Trading
Trump brothers-backed bitcoin mining company is set to list on Nasdaq
American Bitcoin, backed by Donald Trump's sons, begins trading on Nasdaq today. Here's all you need to know
Backed by Donald Trump’s son, ‘American Bitcoin’ begins trading on Wall Street
Donald Trump's family just made $5 bn, on a crypto they can’t even sell yet after a major crash
Trump sons’ crypto gamble pays off big: Eric Trump's stake in American Bitcoin reaches $1.5 billion in stock debut
