‘We increased BTC stash by 58%’- Eric Trump rejects Forbes’ $500mln investor-loss claim
Eric Trump, the second son of President Donald Trump, has denied claims that he uncovered American Bitcoin shareholders to a $500 million loss.
In his protection, Eric Trump slammed the Forbes report for bias and turning into a ‘political instrument.’ On American Bitcoin, Eric added,
7 Months and 25 days in the past, we went public on the NASDAQ. As we speak, we maintain over 7,000 Bitcoin and stand because the sixteenth largest publicly traded Bitcoin firm on this planet.
Additional stressing how nice the Bitcoin mining and treasury agency he arrange is performing, Eric Trump highlighted,
In This autumn alone, we elevated the Bitcoin on our steadiness sheet by 58% and mined at a 53% low cost to the market worth of BTC, reported $78.3 million in This autumn income, a 22% quarter-over-quarter development.
He concluded that the Forbes report on his agency was a ‘shame to journalism.’
Forbes’ claims towards Eric Trump
In keeping with the Forbes report, the agency used its $13.2 billion valuation and $370 million BTC when it went public final September, to dilute shares for extra BTC buys. The report added,
The on a regular basis buyers who purchased into the gross sales pitch, in contrast, are down an estimated $500 million
In distinction, Eric Trump allegedly noticed its fortune improve from $190 milliont to $280 million, and different insiders additionally noticed a monetary windfall.
However the inventory (Nasdaq: ABTC) has since dropped 92% from its peak, exacerbating on a regular basis shareholders amid aggressive share dilution. The inventory slipped from a late 2025 peak of $175 to its present worth of $1.19. The report added,
The president’s second son pitches his Bitcoin firm as a money-printing machine. It’s really an arbitrage car that preys on MAGA-minded buyers.
That mentioned, as of April, the agency held 7,000 BTC, price $539 million, with an mNAV (relative worth of BTC to its market cap) of two.
In different phrases, mNAV was above 1, and deemed wholesome for extra inventory gross sales to scale BTC buys. In reality, the agency not too long ago added over 11K ASIC miners to scale its mining operations.
Remaining Abstract
- Eric Trump denied claims that his agency led to $500 million in shareholder losses, citing robust income and BTC accumulation development.
- Forbes criticized the sharp inventory decline and ongoing share dilution which have allegedly affected retail buyers.
