Trump Family Crypto Losses Top $1 Billion Amid Market-Wide Downturn

TLDR

• Trump family wealth fell by $1B since September due to crypto-related losses.
• TRUMP memecoin dropped 25% since August, adding to the family’s losses.
• American Bitcoin Corp shares fell over 50%, cutting Eric Trump’s stake by $300M.
• TMTG lost $800M in value after investing $2B in Bitcoin and crypto assets.

The Trump family has lost over $1 billion in just a few months as their cryptocurrency investments across several ventures sharply declined. From a peak net worth of $7.7 billion in early September, their fortune has dropped to $6.7 billion, according to Bloomberg. Losses came from the falling value of the TRUMP memecoin, Eric Trump’s mining venture, and Trump Media’s heavy exposure to Bitcoin and other digital assets.

Crypto Downturn Cuts Trump Family Wealth by $1 Billion

The Trump family’s collective wealth has dropped from $7.7 billion in early September to $6.7 billion by November, Bloomberg reported. The main reason is the family’s exposure to cryptocurrency ventures, which have recorded substantial losses amid a broader market crash.

TRUMP, a meme-based cryptocurrency linked to the family name, lost about 25% of its value since August. Investors who purchased the token during its January peak have seen most of their investment erased. In addition, the Trump Media & Technology Group (TMTG), which operates Truth Social, has also taken a financial hit.

Major Crypto Holdings Record Deep Losses

TMTG disclosed earlier this year that it had invested approximately $2 billion into cryptocurrencies, including Bitcoin and CRO. Bloomberg reports that the company purchased around 11,500 BTC at an average price of nearly $115,000. Since then, Bitcoin has fallen to $82,000, putting the investment 25% underwater.

TMTG also acquired $147 million worth of Crypto.com’s CRO token, which has since dropped in value by nearly 50%. As a result, President Trump’s stake in the company has decreased by approximately $800 million. The company’s stock has fallen to record lows following these losses.

Eric Trump’s Mining Venture Faces Sharp Decline

Eric Trump, Donald Trump Jr., and Hut 8 Corp co-founded American Bitcoin Corporation, which is also facing losses. The company’s stock peaked at $9.31 in early September but has since declined by more than 50%. Eric Trump owns a 7.5% stake in the venture, and its fall has cost the Trump family more than $300 million.

Despite the downturn, Eric Trump remains positive about the sector’s future. He told Bloomberg, “People who buy dips and embrace volatility will be the ultimate winners.” He added, “I have never been more bullish on the future of cryptocurrency and the modernization of the financial system.”

WLFI Token and Other Assets Lose Billions in Value

Another crypto-related holding is the World Liberty Financial (WLFI) token. Its paper value has fallen from around $6 billion to approximately $3.15 billion. While these tokens are currently locked and not tradeable, Bloomberg notes the losses are not part of the $1 billion reduction in the family’s reported wealth.

WLFI’s token price has also declined, dropping from $0.26 in early September to around $0.14 in November. U.S. lawmakers are now calling for regulatory scrutiny into how these tokens are distributed, following concerns about possible unlawful sales.

World Liberty Financial was a major driver of the Trump family’s growing crypto portfolio earlier this year. But the market-wide crash, which erased roughly $1 trillion in global value, has reduced the worth of many such ventures.

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