Eric Trump’s stake in the Bitcoin mining and treasury firm American Bitcoin Corp. has lost roughly $600 million in value as the company’s stock plummeted 97% from its September 2025 peak. ABTC shares crashed from $217 to a record low of $5.98, dropping over 29% in the last week alone. Eric Trump, who owns about 6% of the firm and serves as its Chief Strategy Officer, saw the decline force the company to execute a 1-for-5 reverse stock split on July 2 to maintain its Nasdaq listing, which requires a minimum bid price of $1.
American Bitcoin Corp.’s stock fell to a record low of $5.98, despite a recent reverse stock split to stay listed on the Nasdaq. The firm’s share price has dropped by 97% from its September 2025 peak of $217.
Eric Trump owns roughly 6% of the company and serves as its Chief Strategy Officer. His brother, Donald Trump Jr., also holds an undisclosed stake in the firm.
The stock’s decline erased approximately $600 million from Eric Trump’s holdings, according to a report. The massive sell-off forced American Bitcoin Corp. to launch a 1-for-5 reverse stock split on July 2 to meet Nasdaq’s $1 minimum bid requirement.
Another Bitcoin treasury firm, Nakamoto, was forced to opt for a stock split to avoid a similar delisting. Despite the stock downturn, American Bitcoin Corp. increased its Bitcoin holdings to 8,000 coins from 7,500.
Eric Trump downplayed the sell-off as “crypto market volatility.” He reiterated the company’s commitment, stating, “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.”
Broader corporate treasury demand for Bitcoin has weakened after its largest buyer, Strategy, sold $216 million worth of BTC. In the last 30 days, corporate treasury demand for Bitcoin stood at just 0.3%.
Following Strategy’s sale, the total Bitcoin stash held by public companies dropped from 1.267 million to 1.265 million coins. Whether this will help form a “durable market bottom” for Bitcoin and shore up treasury demand remains to be seen.
