Eric Trump Calls Reporting About American Bitcoin 'Politically Motivated Propoganda'

Benzinga04-29 13:05

American Bitcoin Corp. (NASDAQ:ABTC) co-founder Eric Trump lashed out on Tuesday at an article painting the firm as an “arbitrage play” targeting MAGA supporters.Trump Brings Out The ‘China’ AngleIn ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2631054560?lang=en_US&edition=fundamental","thumbnail":"https://www.benzinga.com/files/images/story/2026/04/29/Milwaukee--Wisconsin---July-15--2024-Eri.jpeg","is_english":true,"pubTime":"2026-04-29 13:05","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2631054560","market":"nz","top_or_hot":-1,"title":"Eric Trump Calls Reporting About American Bitcoin 'Politically Motivated Propoganda'","media":"Benzinga","content":"<div>\n<p>American Bitcoin Corp. (NASDAQ:ABTC) co-founder Eric Trump lashed out on Tuesday at an article painting the firm as an “arbitrage play” targeting MAGA supporters.Trump Brings Out The ‘China’ AngleIn ...</p>\n\n<a href=\"https://www.benzinga.com/crypto/cryptocurrency/26/04/52117811/eric-trump-calls-reporting-about-american-bitcoin-politically-motivated-propoganda\">Source Link</a>\n\n</div>\n","source":"Benzinga","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Eric Trump Calls Reporting About American Bitcoin 'Politically Motivated Propoganda'</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEric Trump Calls Reporting About American Bitcoin 'Politically Motivated Propoganda'\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-04-29 13:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/crypto/cryptocurrency/26/04/52117811/eric-trump-calls-reporting-about-american-bitcoin-politically-motivated-propoganda><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>American Bitcoin Corp. (NASDAQ:ABTC) co-founder Eric Trump lashed out on Tuesday at an article painting the firm as an “arbitrage play” targeting MAGA supporters.Trump Brings Out The ‘China’ AngleIn ...</p>\n\n<a href=\"https://www.benzinga.com/crypto/cryptocurrency/26/04/52117811/eric-trump-calls-reporting-about-american-bitcoin-politically-motivated-propoganda\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MNRS","symbol_name":"GRAYSCALE BITCOIN MINERS ETF","start_time":0,"source_url":"https://www.benzinga.com/crypto/cryptocurrency/26/04/52117811/eric-trump-calls-reporting-about-american-bitcoin-politically-motivated-propoganda","article_id":"2631054560","we_media_id":null,"thumbnails":["https://www.benzinga.com/files/images/story/2026/04/29/Milwaukee--Wisconsin---July-15--2024-Eri.jpeg"],"rights":{"source":"Benzinga","url":"https://www.benzinga.com/crypto/cryptocurrency/26/04/52117811/eric-trump-calls-reporting-about-american-bitcoin-politically-motivated-propoganda","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2631054560","pubTimestamp":1777439110,"columns":[],"sourceInfo":{"source_id":"Benzinga","name":"Benzinga Cypto"},"weMediaInfo":null,"summary":"American Bitcoin Corp. co-founder Eric Trump lashed out at an article painting the firm as an &#34;arbitrage play&#34; targeting MAGA supporters.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"MNRS":"GRAYSCALE BITCOIN MINERS ETF","BK4023":"应用软件","BTCZ":"T-Rex 2X Inverse Bitcoin Daily Target ETF","BETH":"比特币&以太币期货ETF-ProShares","YBIT":"YieldMax Bitcoin Option Income ETF","BETE":"等权重比特币&以太币期货ETF-ProShares","ABTC":"American Bitcoin","BITX":"2倍比特币期货ETF-Volatility Shares","BK4585":"ETF&股票定投概念","BTF":"比特币&以太币期货ETF-CoinShares","MSBT":"Morgan Stanley Bitcoin Trust ETP","YBTC":"比特币看涨期权ETF-Roundhill","BTFX":"比特币期货ETF-CoinShares","STCE":"Schwab Crypto Thematic ETF","BRRR":"比特币ETF-CoinShares","BTGD":"STKD Bitcoin & Gold ETF","BTCI":"NEOS Bitcoin High Income ETF","BEGS":"RAREVIEW 2X BULL CRYPTOCURRENCY & PRECIOUS METALS ETF","BTCL":"T-REX 2X LONG BITCOIN DAILY TARGET ETF","CBTJ":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - January","BK4588":"碎股","BK4594":"比特币ETF概念","BK4601":"加密货币现货ETF","MAXI":"比特币期货ETF-Simplify"},"translate_title":"Eric Trump评级报道美国比特币“出于政治动机的宣传”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BTCL":0.74,"STCE":0.74,"ABTC":1.98,"BTFX":0.74,"MAXI":0.74,"BTGD":0.74,"MNRS":0.74,"YBTC":0.74,"BETE":0.74,"BRRR":0.74,"BITX":0.74,"BTCI":0.74,"BTCZ":0.74,"BETH":0.74,"BEGS":0.74,"YBIT":0.74,"BTF":0.74,"CBTJ":0.74,"MSBT":0.74},"content_text":"American Bitcoin Corp. (NASDAQ:ABTC) co-founder Eric Trump lashed out on Tuesday at an article painting the firm as an “arbitrage play” targeting MAGA supporters.Trump Brings Out The ‘China’ AngleIn an X post, Trump attributed the critical coverage to Forbes’ ownership by Hong Kong-based Integrated Whale Media Investments.“Since being acquired by China, Forbes has become a political weapon and an embarrassment to journalism,” he said. “Educate yourselves as to the source of your information — in this case, China!”Trump compared the current narrative to Forbes’ past reporting on his St. Jude Children’s Research Hospital fundraising, with some funds allegedly diverted to other charities linked to his family.Forbes didn’t immediately return Benzinga’s request for comment.\n\nTrump Defends Firm’s Rising BTC HoldingsRegarding American Bitcoin, Trump highlighted the firm’s rise as the 16th largest corporate Bitcoin holder, with a 7,000 BTC treasury valued at $539 million.“We have arguably climbed the ‘Top 100’ rankings faster than any company in the space and continue to aggressively mine and scale daily,” he said.But Questions AriseTrump’s defense came in response to the report stating that the company burned $500 million in shareholder value since going public in September, while Trump’s personal wealth jumped from $190 million to $280 million.The ABTC stock has tumbled 85% since its Wall Street debut. It's worth noting that despite the subpar performance, analysts have remained bullish on the stock. Roth Capital and H.C. Wainwright & Co. both initiated coverage of ABTC with a “Buy” rating and set a price target of $4.Price Action: At the time of writing, BTC was exchanging hands at $76,556.90, down 0.09% over the last 24 hours, according to data from Benzinga Pro.American Bitcoin shares surged 3.42% in overnight trading after closing 3.31% lower at $1.17 during Tuesday’s regular session. Year-to-date, the stock has collapsed 31.18%.Benzinga’s Edge Stock Rankings show a weaker price trend in the medium- and long-term periods, but strong performance in the short term.Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.Photo courtesy: ShutterstockMarket News and Data brought to you by Benzinga APIs© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.To add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.1","shortVersion":"4.42.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2631054560","isCrawlerRequest":true}