Crypto Quill

Eric Trump fired back at Forbes with sharp words, calling their take on his Bitcoin firm American Bitcoin a disgrace. The clash erupted as ABTC shares sit near $1.14 after a 92 percent drop from highs. Investors lost about $500 million in value, but Trump points to fat Bitcoin holdings and revenue gains.

Forbes dug into American Bitcoin last week. They claim the firm sells shares at high prices to buy Bitcoin on the open market. About 70 percent of its crypto stash comes this way, not just from mining rigs.

The report notes Eric Trump saw his wealth jump from $190 million to $280 million. He put in little cash himself. Yet everyday buyers watched $500 million vanish as the stock tanked from a $13.2 billion peak.

Numbers tell a tough story. The firm raised over $350 million from share sales since going public in September 2025. It spent $525 million on Bitcoin buys, now worth $390 million after losses.

Key Stock Stats (as of April 29, 2026)
Current Price: $1.14
52-Week High: $14.65
Market Cap: $2.04 billion
YTD Gain: +33%
Volume: 15 million shares

Eric Trump Delivers Quick Rebuttal

Eric Trump hit social media hard. He labeled Forbes Chinese propaganda and a political hit job. The outlet has ties to Hong Kong investors, he said.

Trump touted real wins. American Bitcoin holds over 7,000 Bitcoin now. That ranks it 16th among public firms.

• Q4 2025 revenue hit $78.3 million, up 22 percent from last quarter.
• Bitcoin stash grew 58 percent in that period.
• Mined coins at 53 percent below market price.
• Runs 90,000 miners at 28 exahashes per second.

He called it proof of leadership in Bitcoin. The firm keeps stacking coins, not chasing short-term tricks.

ABTC Builds Bitcoin Empire Fast

American Bitcoin launched after the 2024 election. It pivoted from data centers to mining. Eric Trump and Don Jr. lead the charge with pro-Bitcoin family vibes.

The setup stays lean. Hut 8 runs sites in Texas and handles ops. Just two full-time staff lead it. They bought gear and boosted output quick.

Full year 2025 revenue reached $185 million. Losses hit $59 million in Q4 from Bitcoin price dips. Still, holdings swelled past 7,000 coins.

The firm bets big on U.S. energy and Trump policies to cut costs and stack more BTC.

Growth came via deals like 11,000 new miners. That lifts capacity 12 percent. Eric eyes Bitcoin at $1 million long-term.

Mining Costs Spark Real Debate

Forbes pegs all-in mining at $90,000 per Bitcoin. That tops current prices by $13,000. They question if half-price claims hold up after overhead.

Trump skips those digs. He stresses discount mining and treasury builds. The model mixes mining with stock cash for buys.

Analysts give a buy rating. Target price sits at $4. Street sees upside if Bitcoin climbs.

One key fact. Full-year losses ran $153 million on $185 million sales.

Investors Weigh ABTC’s True Path

American Bitcoin sits at a crossroads. Strong holdings and revenue shine bright. But share dumps and price slides fuel doubts.

Trump family push aids crypto adoption. Policies like reserves could lift all boats. Everyday folks feel the stock pain most.

Bitcoin’s rebound holds the key. High costs test miners firm-wide. ABTC stands out with its brand and stack.

This fight shows crypto’s wild side. Hype meets hard numbers in public markets.