The Man Who Got Eric Trump Into American Bitcoin Before 70% Rout

December 5, 2025, 3:04 PM UTC

Eric Trump rang the Nasdaq bell in September to celebrate a more than $500 million windfall from American Bitcoin Corp.’s trading debut. Three months later, the shares have cratered 70%.

Standing beside him that day was a little-known Canadian now at the center of the meltdown: Michael Ho, who helped sell Trump on the venture over dinner at the US president’s Florida golf club and now serves as the company’s CEO.

His rise from a precocious Vancouver car dealer to the head of a Nasdaq-listed company underscores how access to Trumpworld became a fast route to riches ...

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