> BREAKING: $600 million of Trump family fortune was just wiped out

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https://www.msn.com/en-us/money/savinga … r-AA27H9p2

On the same week that American Bitcoin’s stock hit an all-time low, its co-founder and chief strategy officer was in Las Vegas telling a crowd at the Bitcoin Conference 2026 to stay calm. “We are in the greatest period in the history of crypto,” Eric Trump said. “Just hold on guys, just hold on.” The audience was made up largely of retail investors whose portfolios told a very different story.

American Bitcoin stuck with its crypto strategy and saw its shares slump more than 95% from their peak, erasing more than $600 million from the market value of Eric Trump’s stake over the past 10 months, according to Bloomberg calculations. That collapse also forced one of the most embarrassing corporate maneuvers a Nasdaq-listed company can undergo. The plunge in American Bitcoin’s shares forced the company into a 1-for-15 reverse stock split to maintain its Nasdaq listing.