While Forbes pointed out that Bitcoin mining company American Bitcoin (ABTC) is an arbitrage tool targeting MAGA-supporting investors, President Trump's second son, Eric Trump, criticized it as "a disgrace to journalism." Forbes recently reported that ABTC's market capitalization plummeted by approximately 92% from its peak of $13.2 billion to $1.24 billion, and individual investors reportedly suffered losses of approximately $500 million in the process. In response, Eric Trump stated, "ABTC recorded revenue of $78.3 million in the fourth quarter of last year. This is a 22% increase compared to the previous quarter. Furthermore, its Bitcoin holdings are over 7,000 BTC, making it the 16th largest holder among listed companies," adding, "Forbes is propagating with political motives."
