‘We increased BTC stash by 58%’- Eric Trump rejects Forbes’ $500mln investor-loss claim
American Bitcoin firm has ramped up Bitcoin mining operations and currently owns 7,000 BTC.
Eric Trump, the second son of President Donald Trump, has denied claims that he exposed American Bitcoin shareholders to a $500 million loss.
In his defense, Eric Trump slammed the Forbes report for bias and becoming a ‘political tool.’ On American Bitcoin, Eric added,
7 Months and 25 days ago, we went public on the NASDAQ. Today, we hold over 7,000 Bitcoin and stand as the 16th largest publicly traded Bitcoin company in the world.
Further stressing how great the Bitcoin mining and treasury firm he set up is performing, Eric Trump highlighted,
In Q4 alone, we increased the Bitcoin on our balance sheet by 58% and mined at a 53% discount to the market price of BTC, reported $78.3 million in Q4 revenue, a 22% quarter-over-quarter growth.
He concluded that the Forbes report on his firm was a ‘disgrace to journalism.’
Forbes’ claims against Eric Trump
According to the Forbes report, the firm used its $13.2 billion valuation and $370 million BTC when it went public last September, to dilute stocks for more BTC buys. The report added,
The everyday investors who bought into the sales pitch, by contrast, are down an estimated $500 million
In contrast, Eric Trump allegedly saw its fortune increase from $190 milliont to $280 million, and other insiders also saw a financial windfall.
But the stock (Nasdaq: ABTC) has since dropped 92% from its peak, exacerbating everyday shareholders amid aggressive share dilution. The stock slipped from a late 2025 peak of $175 to its current value of $1.19. The report added,
The president’s second son pitches his Bitcoin company as a money-printing machine. It’s actually an arbitrage vehicle that preys on MAGA-minded investors.
That said, as of April, the firm held 7,000 BTC, worth $539 million, with an mNAV (relative value of BTC to its market cap) of 2.
In other words, mNAV was above 1, and deemed healthy for more stock sales to scale BTC buys. In fact, the firm recently added over 11K ASIC miners to scale its mining operations.
Final Summary
- Eric Trump denied claims that his firm led to $500 million in shareholder losses, citing strong revenue and BTC accumulation growth.
- Forbes criticized the sharp stock decline and ongoing share dilution that have allegedly affected retail investors.
