Eric Trump Reaffirms Goal to Position U.S. as Bitcoin Leader
American Bitcoin Corp (ABTC), a publicly traded Bitcoin mining and treasury firm backed by the Trump family, marked its first year on Nasdaq with co-founder Eric Trump reiterating his vision for making the United States a global leader in the Bitcoin economy. In an X post, Trump highlighted key achievements including 8,300 Bitcoin held on balance sheet and nearly 90,000 mining machines contributing to record quarterly production. He emphasized that operations are running at close to 50% gross margins, underscoring disciplined execution and rapid growth. Despite these milestones, ABTC's stock has underperformed since its Nasdaq debut in September of last year, leading to a reverse stock split earlier this month to maintain listing compliance. Trump reiterated the company’s long-term focus on Bitcoin treasury strategy rather than short-term market fluctuations.
Tickers: $ABTC
Topics: Bitcoin mining executive statement public company performance