Last week, Eric Trump attended a Bitcoin conference in Hong Kong to promote his new business venture.
Chan Long Hei/Bloomberg
Update, September 3, 2025, 5:00 p.m.: A previous article estimated that Eric Trump owned 367 million shares of American Bitcoin. After a reverse stock split on September 2, Forbes has revised that estimate to 73 million shares. Values throughout Wednesday have also been updated to reflect closing prices.
The Trump family’s cryptocurrency investments continue to grow. Eric Trump, the president’s second son, became a billionaire after shares of American Bitcoin, his cryptocurrency mining firm, surged during its market debut on Wednesday morning. His stake reached an estimated peak value of $950 million.
As the company’s co-founder and chief strategy officer, Eric holds 73 million shares. According to Forbes, based on SEC filings, shares were trading at $8.04 at the end of Wednesday’s session, leading to an estimated personal stake of $590 million—more than any individual real estate holdings in his family.
“What a morning!!” he shared on X, celebrating the stock’s early gains with two fire emojis.
Investors appear to be inflating share prices on optimism rather than actual performance. American Bitcoin focuses on mining and accumulating cryptocurrency, a process that involves using computers to solve complex puzzles to unlock Bitcoin. With facilities in energy-rich areas like Texas, Alberta, and Niagara Falls, New York, the firm acquired over 16,000 mining machines in August. As of September 1, it held 2,443 Bitcoin, valued approximately at $275 million. However, the majority—2,234 Bitcoins—are pledged to the supplier of its computers. Despite this, American Bitcoin, which reportedly has only two full-time employees, is now valued at around $7.3 billion.
Eric’s brother, Don Jr., is also involved with the company. He signed an agreement linked to American Bitcoin’s prospectus as an investor, although his stake is not disclosed, likely due to his non-executive status.
The brothers have engaged in several recent business ventures, including their father’s entry into the crypto space with World Liberty Financial. This initiative, which began slowly last year, has skyrocketed following the 2024 elections, generating around $1.4 billion in token sales, with a significant portion of the revenue initially flowing to the Trump family.
