Eric Trump's Stake in American Bitcoin Loses $600M Amid Market Shift to AI
American Bitcoin Corp (ABTC), co-founded by Eric Trump and Donald Trump Jr., has seen its stock plunge 77% since peaking, erasing over $600 million from Eric Trump’s stake. While competitors like Riot Platforms and Cipher Digital pivoted toward AI data centers and saw gains of more than 60%, American Bitcoin remained focused on Bitcoin mining through exclusive agreements with Hut 8 Corp.
Tickers: $ABTC $CIFR $HUT $MARA $RIOT $WULF
Topics: AI data centers American Bitcoin Corp (ABTC) Bitcoin Eric Trump market performance