report<\/a>.<\/p>\nTrump family crypto holdings suffer heavy loses in latest market rout<\/h2>\n
Trump Media & Technology Group, the parent company of Truth Social, has experienced significant losses. The firm\u2019s shares fell to a record low, reducing the value of Trump\u2019s stake since September, Bloomberg reported. The company invested heavily in Bitcoin (BTC), purchasing a large stockpile at higher prices that has since declined in value.<\/p>\n
<\/p>\n
World Liberty Financial, described as the family\u2019s principal crypto operation, has also seen its token valuation decrease from previous highs. A spokesperson for World Liberty Financial (WLFI) stated that \u201cCrypto is here to stay\u201d and emphasized long-term conviction in technologies supporting digital assets, suggesting these innovations could transform financial services.<\/p>\n
Following President Trump\u2018s return to office in January, his sons Eric Trump and Donald Trump Jr. began collaborating with Hut 8 Corp, a crypto company that supplies Bitcoin mining equipment. In exchange, they secured a controlling interest in a newly formed organization called American Bitcoin Corp, according to reports. Eric Trump holds approximately a 7.5% stake in the venture.<\/p>\n
Shares of Hut 8, traded on Nasdaq, have fallen sharply, reducing Eric Trump\u2019s wealth since September, the report stated.<\/p>\n
Eric Trump stated that the recent market declines may present \u201ca great buying opportunity,\u201d according to public statements. He suggested that those who purchase during downturns and embrace market volatility are likely to be long-term winners in the cryptocurrency landscape.<\/p>\n
Bitcoin showed a modest recovery after hitting recent lows, but remains substantially below its all-time highs reached earlier in the year, according to market data.<\/p>\n
<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
The Trump family\u2019s wealth fell by $1B due to crypto market declines, with major losses in tokens, mining ventures, and Trump Media\u2019s bitcoin holdings. Summary Trump Media & Technology Group…<\/p>\n","protected":false},"author":1,"featured_media":9205,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-16580","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16580","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=16580"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16580\/revisions"}],"predecessor-version":[{"id":16581,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16580\/revisions\/16581"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/9205"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=16580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=16580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=16580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}