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Eric Trump celebrated on Thursday the first anniversary of American Bitcoin Corp. going public, reiterating the vision of making the U.S. a “leader” in the Bitcoin economy.
Trump Highlights Achievements
Trump said in an X post that the company now holds 8,300 BTC on its balance sheet, runs a fleet of nearly 90,000 miners, achieved nearly 50% mining profit margins and reported record quarterly production.
The BTC stash amounted to $670 million as of this writing, positioning the company as the 15th-largest corporate holder of the apex cryptocurrency. American Bitcoin ranked above firms such as Galaxy Digital Inc. and Gemini Space Station Inc., according to bitcointreasuries.net.
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“Our mission at American Bitcoin hasn’t changed: make America the leader of the Bitcoin economy,” Trump said.
He also posted a chart showing ABTC stock surging more than 60% in August, describing it as “one hell of a month.”
One year ago today, @ABTC listed on Nasdaq.
Today: 8,300 Bitcoin on the balance sheet…
Nearly 90,000 miners. Record quarterly production. One of the fastest-built public Bitcoin treasuries in the market mining at nearly 50% gross margins.Our mission at American Bitcoin… pic.twitter.com/Z4mwAWWmzq
— Eric Trump (@EricTrump) September 3, 2026
ABTC Stock Sinks 90% Since Debut
American Bitcoin’s strategy combines large-scale mining operations with at-market Bitcoin purchases to accelerate the growth of its strategic reserve. The firm generates fresh BTC
Still, the road since launch has been rough. The ABTC stock has plunged a staggering 90%, and year-to-date losses stand at 63%.
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Analysts Still Bullish on ABTC
The company burned $500 million in shareholder value since going public, according to an April report, while Eric Trump’s personal wealth jumped from $190 million to $280 million. Trump dismissed the report, alleging political bias.
The report stated that the company’s all-in Bitcoin mining costs, including hardware, marketing, and capital, rose sharply, squeezing already thin margins that disappeared when BTC prices fell in the bear market. Trump rejected the findings, claiming political bias.
Source: finance.yahoo.com