Eric Lipenga’s price in Bitcoin mining is the American financial company Bitcoin Corp. has been reduced by about $600 million, according to a Bloomberg report.
He owns about 6% of the firm and doubles as American Bitcoin’s Chief Strategy Officer. His brother, Donald Trump Jr., also has an undisclosed stake in the company.
In the midst of the biggest decline in crypto, the company’s stock, ABTC, has fallen by 97%, falling from its September 2025 peak of $217 to $5.98. This week alone, it fell by 29%.
The massive loss of stock forced the company to launch a 1-for-5 reverse stock split on July 2nd to remain listed on the Nasdaq.
A company’s stock must have a value of less than $1 to be listed on an exchange. Then, Nakamotosomeone Bitcoin The Treasury firm, was forced to choose to split the stock so that it would not be removed in the same way.
American Bitcoin Corp. puts the scales at 8,000 BTC
Despite the stock loss, however, the company increased its BTC amount to 8,000 from 7,500.
In the same comments, Eric Trump dismissed the stock market as ‘crypto market volatility.’ Instead, he reiterated his commitment to ‘stacking’ more BTC at a lower price.
Despite the volatility of the crypto market, I want to reiterate how we continue to distinguish ourselves, mining at 52% profit margin in Q1 and continue to add to our wealth, while maintaining one of the lowest SG&A in the industry. The stacking continues.
Separately, the growing demand for Bitcoin assets in the crypto economy has fallen sharply after the main buyer, Strategy, became a seller. The way recently sold out $216M worth of BTC.
In the last 30 days of trading, the demand from the company’s assets has been less than 0.3%. In fact, after the sale of Strategy, the total stash held by the public company dropped from 1.267M to 1.265M BTC.
The market faded from the Strategy’s recent sell-off. However, it can help to make ‘fixed market down‘ for BTC and the importance of the offshore economy remains to be seen.
Brief Summary
- American Bitcoin Corp. it is down to $5.9 despite its recent dividend.
- It’s down 97% from last year’s peak of $217 million, wiping more than $600M off Eric Trump’s stock in the company.
