Eric Trump has skyrocketed to paper multi-billionaire status as American Bitcoin makes a stunning Nasdaq debut, redefining the Trump family’s wealth frontier.
Eric Trump has become a paper multi-billionaire following the Nasdaq debut of American Bitcoin, a cryptocurrency mining firm he co-founded according to Reuters. His stake in the company, estimated at 7.5%, has been valued between $548 million and $3.2 billion, depending on the valuation method used.
The Rise of American Bitcoin
American Bitcoin was formed in 2024 through a merger between American Data Centers, co-founded by Donald Trump Jr., and Canadian mining firm Hut 8. The company aims to leverage self-mining and opportunistic bitcoin purchases to differentiate itself in the industry. Shares began trading under the ticker "ABTC" on September 3, 2025, and closed up 16.5% at $8.04 on the first day.
American Bitcoin Logo
Valuation Discrepancies
The valuation of Eric Trump's stake varies based on different methods. Forbes estimated his holdings at $3.2 billion, based on the opening trade price of $8.81 per share. Bloomberg, however, valued his stake at approximately $548 million, calculating his 7.5% ownership against the company's market capitalization. The discrepancy arises from the company's complex share structure, with most voting power held by Hut 8's Class B shares.
The Trump Brothers' Crypto Empire
Eric Trump and Donald Trump Jr. together control nearly 98% of American Bitcoin, with Hut 8 holding 64% of the equity and 80% of the voting power. The company plans to raise up to $2.1 billion through a share offering to fund mining hardware purchases, bitcoin acquisitions, and general operations.
Other Trump Family Involvement
While Eric Trump and Donald Trump Jr. are the primary figures in American Bitcoin, other family members are involved in related ventures. Donald Trump Sr. is associated with World Liberty Financial (WLFI), a separate cryptocurrency initiative according to Investopedia. WLFI launched a new token, $WLFI, which has significantly increased in value, contributing to the family's expanding crypto portfolio.
American Bitcoin surges as the digital gold rush hits new heights.
FAQs (People Also Ask)
What is American Bitcoin?
American Bitcoin is a cryptocurrency mining and accumulation firm co-founded by Eric Trump and Donald Trump Jr. It was formed through a merger with Canadian mining firm Hut 8 and aims to leverage self-mining and opportunistic bitcoin purchases.
How much is Eric Trump's stake in American Bitcoin worth?
Eric Trump's 7.5% stake in American Bitcoin has been valued between $548 million and $3.2 billion, depending on the valuation method used.
What is the share structure of American Bitcoin?
American Bitcoin has a complex share structure, with most voting power held by Hut 8's Class B shares. This structure has led to discrepancies in the valuation of Eric Trump's stake.
What are the plans for American Bitcoin's future?
American Bitcoin plans to raise up to $2.1 billion through a share offering to fund mining hardware purchases, bitcoin acquisitions, and general operations.
Final Thoughts
Eric Trump's involvement in American Bitcoin marks a significant shift from the family's traditional real estate ventures to the burgeoning cryptocurrency industry. While the exact value of his stake remains uncertain, the company's successful Nasdaq debut underscores the growing influence of the Trump family in the digital asset space.
