American Bitcoin Corp. has wiped out more than $200 million in value for outside investors since its Nasdaq debut. Meanwhile, Eric Trump’s restricted stake in the company is still worth roughly $70 million.
The numbers tell a brutal story
ABTC shares have cratered more than 90% from their post-IPO highs near $14.50. The company, which went public on September 3, 2025, rode an initial wave of enthusiasm tied to its Trump family branding and the broader crypto market’s appetite for anything even loosely connected to the White House.
Eric Trump’s stake represents roughly 7.5% to 9% of the company. Shortly after American Bitcoin’s Nasdaq debut, the combined Trump brothers’ stake, held by Eric Trump and Donald Trump Jr., was reportedly valued at over $1.5 billion.
But here’s the thing. Even after a 90%-plus decline, Eric Trump’s position alone is still worth around $70 million. The founders received their shares at effectively zero cost basis, a perk not available to the retail investors who bought in at $14.
