Follow the Grift
Portrait of Eric Trump

Eric Trump

Son. Co-founder, American Bitcoin; EVP, Trump Organization

Counted by default$548M4 LINE ITEMSFederal awards: $98K obligated, 3 lines

Photo: Asalover2004, CC BY-SA 4.0, via Wikimedia Commons.

Schedule A · Itemized

  1. DisclosedEquity stakesCrypto

    Stake in American Bitcoin Corp. Copy link

    American Bitcoin issued him 68,147,664 Class B shares, about 7.5% of the company, when its merger closed on Sept. 3, 2025, his SEC filing shows. Bloomberg valued the stake at about $548 million when the stock began trading on Nasdaq. The company was formed with Hut 8, which took 80%; the Trump side kept 20%.

    Paid by Not disclosed

    The shares are on the record (Schedule 13D); the dollar figure is Bloomberg's paper value at the debut price and has moved since. Only Bloomberg values his individual stake at this figure. Reuters valued the two brothers' combined roughly 20% at about $1.5 billion at the close, and Forbes used a different method to reach $3.2 billion. In November 2025 he moved the shares into his revocable trust, of which he is trustee and a beneficiary; the company's April 2026 proxy lists him at 9.3%.

    $548MEst.
  2. DisclosedFederal awardsGovernment contracts

    Air Force order for Powerus counter-drone interceptors Copy link

    The first delivery order under a competitively awarded Air Force contract, with a $90 million ceiling, for Powerus's Guardian counter-drone interceptors, placed with its subsidiary Tandem Defense. USAspending shows $98,000 obligated.

    Awarded to Powerus (Tandem Defense) by U.S. Air Force

    Tie Eric Trump and Donald Trump Jr. are partners in American Ventures, which lent Powerus $5.55 million, holds warrants for 9.9% of it and backed the listed company it merged into; the March 2026 merger announcement named both brothers as notable investors. Eric Trump says he is a passive investor.

    Response

    Brett Velicovich, Powerus co-founder “They're not going to pick a system because of who's on an investor list.” Bloomberg, via The Daily Gazette

    $98K
  3. DisclosedFederal awardsGovernment contracts

    $82 million U.S. order for Powerus counter-drone systems Copy link

    Powerus announced an $82 million order for counter-drone systems, the second order under an existing U.S. government contract. The order is not yet on USAspending, so how much has been obligated is not public.

    Awarded to Powerus by U.S. government (buyer not named by the company)

    Tie Eric Trump and Donald Trump Jr. are partners in American Ventures, which lent Powerus $5.55 million, holds warrants for 9.9% of it and backed the listed company it merged into; the March 2026 merger announcement named both brothers as notable investors. Eric Trump says he is a passive investor.

    Response

    Brett Velicovich, Powerus co-founder “They're not going to pick a system because of who's on an investor list.” Bloomberg, via The Daily Gazette

    Amount paid not public$82M announced value, not counted
  4. DisclosedFederal awardsGovernment contracts

    Pentagon Drone Dominance order for 6,000 Xtend attack drones Copy link

    After Xtend placed third in the Pentagon's Drone Dominance flight trials, it received an order for 6,000 STRIKER attack drones, which it valued at $40.5 million. The order is not yet on USAspending.

    Awarded to XTEND AI Robotics by U.S. Department of Defense

    Tie Eric Trump was named a strategic investor when Xtend agreed in February 2026 to go public through a merger with JFB Construction Holdings. Xtend's CEO told The Washington Post he invests passively through American Ventures, which committed about $150 million.

    Response

    Aviv Shapira, Xtend CEO Shapira said he never sought help from Eric Trump, and that the idea the Trump brothers could influence the Pentagon's evaluation has “nothing to do with reality.” The Washington Post, via Anchorage Daily News

    Amount paid not public$40.5M announced value, not counted