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Trump Family Cryptocurrency Venture Plummets 90% in Value

Guavy AI Editorial Team
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BTC
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Eric Trump's cryptocurrency venture, American Bitcoin Corp., has suffered a significant downturn in the stock market. The company's value plummeted by 90% since its high of $140 per share last year, dropping to just $6 per share on Wednesday.

This means Eric Trump, who retained a 6% stake in the company, has lost approximately $600 million in market value, according to Bloomberg.

The loss is a significant blow to the Trump family's legacy fortune, which is linked through the Trump Organization. Donald Trump Jr., Eric's brother, held an adviser role with American Bitcoin Corp., but his stake in the organization remains undisclosed.

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