Trump's son has become a billionaire. His crypto investments eclipsed the family's real estate development business

President Donald Trump's middle son Eric has become a billionaire, Forbes reported. Eric Trump's personal fortune rose sharply after the debut on the stock exchange of the company American Bitcoin, which he co-founded with his brother. The value of American Bitcoin shares more than doubled during trading.

Eric Trump's fortune was estimated to be at least $3.2 billion after American Bitcoin shares rallied in debut trading, Forbes reported. Given the rise in the securities on Wednesday, Eric Trump's stake was heavily valued over the value of real estate owned by the US president's family, the publication wrote.

The state of Donald Trump himself Forbes now estimates at $6 billion. A significant part of it still falls on real estate, but this business in recent years is experiencing bad times due to rising interest rates, the magazine notes.

Bloomberg estimates that Eric Trump's stake in American Bitcoin is about 7.5% and is now worth more than $600 million. A prospectus filed with the U.S. Securities and Exchange Commission (SEC) in July said he owned nearly 367 million shares of the company.

Eric Trump did not respond to Forbes' request for comment.

Donald Trump Jr, the eldest son of the US President, is also involved in the American Bitcoin business. He is listed as an investor in the company's prospectus, but his share was not disclosed.

American Bitcoin shares began trading on September 3 on the Nasdaq exchange under the ticker ABTC. The company went public by merging with Gryphon Digital Mining, whose shares were already traded on the exchange.

The value of ABTC shares more than doubled at the beginning of trading and reached $14. Then the growth rate slowed down: at the time of publishing this text, the securities were trading around $9.7, which corresponds to an increase of about 40%.

"Our debut on Nasdaq is a historic milestone in integrating bitcoin into the core of the U.S. capital markets and advancing our mission to make America the undisputed leader of the global bitcoin economy," said Eric Trump, he was quoted as saying in a company statement.

American Bitcoin was created as a subsidiary of publicly traded mining company Hut 8. American Bitcoin shareholders, including Eric Trump, Donald Trump Jr. and Hut 8, own about 98% of the company, The Wall Street Journal reported. The remaining 2% is owned by investors in Gryphon, with which ABTC merged, the newspaper said.

American Bitcoin plans to accumulate bitcoin using the computing power of Hut 8, Bloomberg reports. The company claimed it plans to differentiate itself from competitors through a combination of "proprietary mining operations and selective bitcoin purchases," AP writes.

"By combining bitcoin mining, situation-based market buying and Hut 8's energy and digital infrastructure support, we have created a tool focused on growing Bitcoin-per-share (the volume of bitcoins attributable to each share of the company. - Oninvest) quickly and efficiently," Asher Genuth, executive chairman of American Bitcoin and CEO of Hut 8, said in a press release.

American Bitcoin has accumulated about 2,443 bitcoins by following the so-called corporate treasury strategy popularized by Michael Saylor, the head of Strategy and a major bitcoin enthusiast, notes The Wall Street Journal.

A token of cryptocurrency company World Liberty Financial, which is linked to the Trump family, appeared on crypto exchanges on Monday, Yahoo Finance writes. The price of the token first rose sharply and then declined. On Wednesday, it was losing about 5% and ranked 27th among cryptocurrencies by market capitalization, the publication noted.

Donald Trump and his sons Donald Trump Jr, Eric and Barron are listed as co-founders of the project on its website, but the president resigned from that role after assuming the presidency. The Trump family, including the president, controls just under a quarter of all World Liberty tokens - 22.5 billion - through DT Marks DEFI LLC, Yahoo Finance writes. The listing brings their combined paper value to more than $5 billion.

Over the past year, the Trump family has made a sharp turn from real estate to digital assets, from a project to issue a stablecoin pegged to the U.S. dollar to the president himself promoting his own memcoin, Yahoo Finance noted. Truth Social, the parent company of Trump's social network Truth Social, has also started to form a bitcoin reserve, the publication added.

Public companies hoarding bitcoins as a corporate reserve is becoming an increasingly prominent trend as the value of the largest cryptocurrency by capitalization in 2025 has skyrocketed in value and hit several record highs. On Wednesday, bitcoin was up about 1.5 percent and was worth about $112,500, CoinGecko shows. Bitcoin is up 19% since the beginning of the year.

This article was AI-translated and verified by a human editor