Somehow, Eric Trump's "money printing" bitcoin business left investors holding the bag

Somehow, Eric Trump's "money printing" bitcoin business left investors holding the bag Jason Weisberger 9:40 am Tue Apr 28, 2026 mark reinstein/Shutterstock.com Eric Trump sold his bitcoin company as a profit machine. But as the stock soared and then cratered, it was investors, not family insiders, who ended up stuck with the losses. Eric Trump's newest bitcoin venture may be selling a story more than a business. As he tells it, American Bitcoin can print money by mining bitcoin for roughly half of what it is worth. But a closer look at the numbers calls into question whether the company can mine bitcoin profitably at all, let alone with such massive margins. Representatives of Eric Trump, the Trump Organization and American Bitcoin did not respond to repeated requests for comment.

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