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Eric Trump’s American Bitcoin Leaves Investors $500M in the Hole 📉🇺🇸
A Forbes investigation into Eric Trump’s American Bitcoin (ABTC) reveals a catastrophic 92% stock collapse.
While retail investors lost an estimated $500 million, the company struggled with a mining cost of $90,000 per BTC.
Most of its holdings were reportedly acquired through stock dilution rather than actual mining operations.
$BTC