Forbes questions Eric Trump's Bitcoin company, Eric Trump responds Forbes published an article questioning Eric Trump's American Bitcoin, alleging it leveraged the Trump brand and MAGA investor sentiment to inflate its valuation, then cashed out by issuing shares to buy Bitcoin. Since its listing in September, the company has sold approximately 158 million shares, raising about $351 million. Its stock price has dropped roughly 92% from its peak, with investor losses estimated at around $500 million. In response, Eric Trump argued that Forbes has become a 'political weapon.' He stated that American Bitcoin currently holds over 7,000 Bitcoins, making it the 16th largest publicly traded Bitcoin company in the world, with nearly 90,000 mining rigs and a hash rate of 28 EH/s.