American Bitcoin Falls 95% in 10 Months, Erasing $600M From Eric Trump's Stake

According to Bloomberg, American Bitcoin Corp. (Nasdaq: ABTC), co-founded by Eric Trump, has fallen 95% from its $139.65 peak reached on September 9, 2025, wiping over $600 million from his roughly 6% stake. The stock debuted on Nasdaq in early September 2025 through a merger with Gryphon Digital Mining and has declined about 77% so far this year. The company was forced into a 1-for-15 reverse split to maintain its Nasdaq listing.

Meanwhile, rival Bitcoin miners including Riot Platforms, Cipher, MARA Holdings, and Terawulf have gained over 60% on average this year after pivoting toward data center and artificial intelligence deals, while American Bitcoin stuck to pure mining and Bitcoin accumulation, building a reserve exceeding 7,500 BTC.