Eric Trump's crypto stake lost approximately $600 million in value as Bitcoin hit record lows. Shares of his backed Bitcoin mining company collapsed 95% from their peak, leading the firm to execute a 1-for-15 reverse stock split. Additionally, the period saw a significant on-chain duel between two traders holding $107 million in opposing leveraged Ether positions.
Eric Trump lost $600 million in stake value following a 95% share collapse, while Ethereum whales engaged in a $107 million leveraged on-chain confrontation.
Read the full storyEric Trump's stake in a backed Bitcoin miner lost $600 million in value, forcing a 1-for-15 reverse stock split as shares hit record lows.
Eric Trump's crypto stake lost approximately $600 million as Bitcoin hit an all-time low, highlighting a sharp divergence from gains seen in the AI sector.