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American Bitcoin for Eric Trump Leaves Investors $500M in the Hole 📉🇺🇸
A Forbes investigation into Eric Trump's American Bitcoin (ABTC) reveals a catastrophic collapse of 92% in the shares.
While individual investors lost an estimated $500 million, the company suffered a mining cost of $90,000 per Bitcoin.
It is said that most of its holdings were acquired through stock dilution rather than actual mining operations.
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