American Bitcoin, the bitcoin-mining company co-founded by Eric Trump and Donald Trump Jr., has taken advantage of the recent price decline to add more bitcoin to its balance sheet. The company announced on X that it now holds 4,367 bitcoin, following a new purchase of 363 bitcoin.
From 4,004 to 4,367 Bitcoin #
In the post, the team wrote: “American Bitcoin has increased its bitcoin holdings, we now have a total of 4,367 bitcoin.” In early November, the company reported holding 4,004 bitcoin. With the new purchase, the holdings have grown by over 9%. According to data from bitcoin treasury trackers, the company ranks among the larger corporations holding bitcoin on their balance sheets.
The additional coins were purchased especially when the price corrected significantly in November. After peaking around 107,000 euros, the price dropped to 72,000 euros. For American Bitcoin, this was apparently no reason to sell, but to buy more, in line with their strategy of “Strategic accumulation.”
Share Crashes, Strategy Remains #
Alongside the extra purchases, American Bitcoin’s share price was anything but calm. After a lock-up period for early investors expired (during which they were not allowed to sell), the price plunged nearly 40% in one day before recovering slightly to around 2.15 euros per share.
Eric Trump responded via X, emphasizing that he is not selling his shares. His message to investors was clear: “I am holding all my shares, I am 100% convinced to lead the industry.” This statement aligns with the image the company wants to project: not a short-term game, but a long-term commitment to bitcoin and mining scale advantages.
Strong Quarterly Figures #
Despite the stock’s plunge, American Bitcoin recently presented strong figures. Revenue in the third quarter rose to 50 million euros, compared to 10 million euros a year earlier. At the bottom line, the company posted a net profit of 3 million euros, compared to a loss of 0.6 million euros last year.
With 4,367 bitcoin on the balance sheet, worth over 350 million euros at the current price, American Bitcoin positions itself as a player that aims to profit from both mining and the potential further rise of bitcoin.