Trump Family Wealth Drops As Crypto Ventures Sink

Benzinga

Trump-linked crypto bets are taking a hit as a $1T market selloff drags the family’s digital-asset portfolio lower. Trump’s memecoin has slumped, Eric Trump’s mining stake has lost nearly half its value, and Trump Media’s 11,500 BTC, bought around $115K, now sit ~25% underwater. The downturn has cut the family’s estimated fortune from $7.7B to $6.7B. Eric Trump is telling investors to double down, calling the slide a long-term buying opportunity.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:02President Trump's family crypto ventures are taking heavy losses as digital assets slide,

00:07according to Bloomberg. Trump-like digital assets have slumped with his meme coin dropping,

00:11Eric Trump's mining stake losing about half its value, and Trump media shares nearing record lows.

00:17A $1 trillion crypto sell-off has cut the Trump family's fortune from about $7.7 billion to $6.7

00:23billion, driven largely by losses across their expanding crypto ventures. Trump media's roughly

00:2911,500 Bitcoin, bought at about $115,000 each, are now down about 25%, giving the company

00:35with a steep, unrealized loss. Eric Trump urged investors to double down during the downturn,

00:41climb the slump of buying opportunity, and say he's more bullish than ever on cryptocurrency's

00:45future. For all things money, visit Benzinga.com.

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