Eric Trump was at a Bitcoin convention in Hong Kong final week to advertise his new enterprise.
Chan Lengthy Hei/Bloomberg
Replace, September 3, 2025, 5:00 p.m.: A earlier model of this text estimated that Eric Trump holds 367 million shares of American Bitcoin. After accounting for a reverse inventory cut up, Forbes revised that estimate to 73 million shares. Values printed all through Wednesday have additionally been up to date to mirror costs on the shut of enterprise.
The Trump household’s crypto bonanza retains getting greater. Eric Trump, the president’s second son, turned a billionaire after shares of American Bitcoin, his cryptocurrency mining firm, skyrocketed of their market debut Wednesday morning, making his stake value an estimated $950 million at its peak.
Eric Trump, listed in a press launch as the corporate’s co-founder and chief technique officer, holds 73 million shares, Forbes estimates, based mostly on an evaluation of paperwork filed with the Securities and Change Fee. Traders traded shares at $8.04 by the tip of the buying and selling session Wednesday, giving Eric an estimated private stake of $590 million, value extra money than any of his household’s particular person actual property holdings.
“What a morning!!” he posted on X because the inventory ripped early within the buying and selling session, appending two hearth emojis.
Traders appear to be bidding up the shares extra on expectations than actuality. American Bitcoin’s enterprise facilities round mining and stockpiling cryptocurrency, a course of that requires organising computer systems to unravel puzzles that unlock Bitcoin. The agency, with services in energy-rich Texas, Alberta and Niagara Falls, New York, bought greater than 16,000 Bitcoin-mining machines in August. As of September 1, it holds 2,443 Bitcoin, value about $275 million at at this time’s costs. Virtually all of American Bitcoin’s stockpile, nevertheless—2,234 Bitcoins—have been pledged to the corporate that supplied its computer systems. Regardless of that, American Bitcoin, which reported having simply two full-time staff in September, is now valued at an estimated $7.3 billion.
Eric’s older brother, Don Jr., additionally has a hand within the enterprise. Don Jr. was considered one of a number of individuals who signed an settlement hooked up to the prospectus on behalf of American Bitcoin, figuring out himself as an investor. The paperwork don’t checklist his stake, possible as a result of he isn’t an govt or board member.
The brothers have been on a dealmaking tear recently. They helped push their father into the crypto world with World Liberty Monetary, a undertaking that obtained off to a sluggish begin final yr however has taken off for the reason that 2024 election. The enterprise has now offered an estimated $1.4 billion of tokens, with a big reduce of the proceeds—initially about 75%—flowing to the primary household.
Earlier this yr, World Liberty Monetary launched the USD1 stablecoin, a cryptocurrency that tracks the U.S. greenback. It obtained a lift when a agency tied to the president of the United Arab Emirates determined to make use of it to speculate $2 billion in a crypto change. The president additionally undoubtedly helped the worth of the stablecoins when he signed a regulation in July outlining a regulatory framework for them, prompting cheers from the business by which he’s now a significant participant.
Eric and Don Jr. have additionally been busy with deals on the bottom, increasing the household licensing enterprise with new agreements in Saudi Arabia, the United Arab Emirates and Romania. Licensing income jumped from an estimated $7 million in 2023 to $45 million final yr.
Outdoors the household enterprise, in addition they joined the advisory board of Dominari Holdings, a monetary agency helping them with different funding offers. In August, Dominari helped them arrange New America Acquisition I Corp, a particular goal acquisition firm aiming to boost $300 million that’s on the hunt for merger targets in tech, healthcare or logistics. Their shares in Dominari are actually value over $7 million every.
Trump Jr. additionally took a board seat at on-line firearms retailer GrabAGun, which started buying and selling beneath the ticker image “PEW” in July. He serves as an advisor to drone producer Uncommon Machines. His shares of these corporations are actually value over $4 million, Forbes estimates.
