Eric Trump Eyes U.S. Bitcoin Supremacy as American Bitcoin Builds 8,300-BTC War Chest
TL;DR
- American Bitcoin enters its second year on Nasdaq with 8,300 BTC and nearly 90,000 mining machines.
- Eric Trump says the company is focused on making the U.S. a leader in the Bitcoin economy.
- Strong mining margins and continued reserve growth support its long-term strategy, despite significant pressure on ABTC shares and a 1-for-15 reverse stock split completed in July.
American Bitcoin is entering its second year as a Nasdaq-listed company with a larger Bitcoin reserve, while co-founder Eric Trump is renewing his call for the United States to lead the global Bitcoin economy.
In a Sept. 3 post on X, Trump said American Bitcoin now holds 8,300 BTC and operates nearly 90,000 mining machines. He also pointed to record quarterly production and gross margins near 50%, highlighting a model built around accumulating Bitcoin through production.
One year ago today, @ABTC listed on Nasdaq.
Today: 8,300 Bitcoin on the balance sheetโฆ
Nearly 90,000 miners. Record quarterly production. One of the fastest-built public Bitcoin treasuries in the market mining at nearly 50% gross margins.โฆ Continue reading the full article at the original source below.
