Trump Family’s American Bitcoin Keeps Buying While Investors Bleed Out
Despite a significant stock price decline, American Bitcoin Corp, led by the Trump sons, continues to accumulate Bitcoin, now holding over 7,000 BTC.Summary
American Bitcoin Corp (ABTC), the Bitcoin mining firm founded by the Trump sons, has amassed over 7,000 Bitcoin (approximately $471 million) even as its stock price has plummeted to its lowest point since its Nasdaq debut. Shares have fallen nearly 4% recently, extending a steep decline since September 2024. The company has nearly tripled its Bitcoin holdings since going public in May 2025, now ranking 16th among publicly traded Bitcoin holders. This accumulation is achieved through direct market purchases and Bitcoin mined through its operations, as highlighted by Eric Trump’s statement about a “disciplined buying” strategy. However, ABTC’s stock performance tells a different story, having dropped nearly 88% in the last six months, peaking at $14.52 before a significant downturn. The firm reported a net loss of over $59 million in Q4 2024, attributed to falling crypto prices. The future share price recovery hinges on investors balancing the growing Bitcoin reserves against ongoing operational losses.
(Source：BeInCrypto)