Did Eric Trump Lose $600mn? All on Risky Bitcoin Bet Amid AI Rise as Donald Trump-Backed Firm's Value Shrinks
Bloomberg calculated that Eric Trump’s 6% stake in American Bitcoin Corp lost more than $600 million as the company’s shares sank over 95%.
7 Articles
7 Articles
Investors in a cryptocurrency company linked to the Trump family have lost hundreds of millions of dollars, while one of US President Donald Trump's sons has suffered a sharp drop in the value of his shares. It is about the company World Liberty Financial, a cryptocurrency project founded by the Tru...
Eric Trump Has Lost $600 Million of Daddy's Money Betting on Crypto
President Donald Trump’s son, Eric Trump, cofounded a crypto mining venture called American Bitcoin Corp last year — and it’s already in deep trouble. As the Bitcoin community reels from a major downturn — the digital currency has plummeted by over 40 percent year to date — the company’s shares have plummeted right along with it, crashing over a whopping 95 percent compared to their peak. On Wednesday, its stock price hit an all-time low of well…
Presented as a future bet on the bitcoin, Eric Trump's entrepreneurial adventure is going through an area of severe turbulence. ...
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