American Bitcoin Holdings, a cryptocurrency mining company backed by Donald Trump Jr. and Eric Trump, has recorded a decrease of 38.8%, equivalent to a reduction of one billion dollars in market capitalization.
Raluca Ioana Draghici
.webp)
Economy
www.shutterstock.com
Always see our news on Google
On December 2, American Bitcoin shares, a cryptocurrency mining company backed by Donald Trump Jr. and Eric Trump, dropped sharply by 38.8%, resulting in a loss of approximately one billion dollars from its market capitalization. This decline was driven by early investors selling off their stakes as the lock-up period ended. Eric Trump explained that this decline is a natural profit-taking move, noting that they still hold shares. American Bitcoin, which went public through a reverse merger, aims to become a top platform in bitcoin accumulation. The decline in shares aligns with a broader trend of weakness in the crypto market, where bitcoin has fallen by 30% from its October peak. Other companies in the crypto sector, including Hut 8, have recorded significant declines, and the bitcoin reserve strategy of firms like MicroStrategy has led to considerable losses in capitalization.
Sources
Proiectul ambițios de bitcoin al fiilor lui Trump pierde aproape 40% din valoare
Trump's Bitcoin company loses 50 percent of value after mass sell-off
Prăbușire pe piața cripto: Compania fiilor lui Trump pierde un miliard de dolari într-o singură zi
Compania de minat criptomonede a fiilor lui Donald Trump a pierdut un miliard de euro din valoarea sa de piață
Declinul Bitcoin lovește direct în familia Trump. Averea familiei prezidențiale a scăzut cu 1 miliard de dolari
Latest News
09:36
Nicușor Dan congratulates Iliana Iotova on her victory in the presidential election in Bulgaria: “I look forward to continuing our close cooperation and deepening the cooperation between our countries”
09:19
The government in Chișinău accuses two deputies from the “Democracy at Home” party of spreading falsehoods about Ukrainian grain and increasing the risk of an attack by Russian drones in the Giurgiulești port area
08:59
Massive drone attacks on Ukrainian ports along the Danube / F-16 aircraft were scrambled in Romania
08:42
EXCLUSIVE | November 2, 2026. Online search trends / last 24 hours
08:39
A violent fire broke out at an events complex in Sector 4 of the capital / Firefighters are responding with 12 special vehicles
See more news
NEWS ON THE SAME TOPICS
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
