Trump Brothers' American Bitcoin Hits BTC Milestone as Stock Falls to Lowest Price Since IPO
American Bitcoin Corp, co-founded by Eric Trump and Donald Trump Jr., now holds over 7,000 BTC (approximately $471 million), making it the 16th largest public Bitcoin holder globally. The firm has tripled its Bitcoin reserves and more than doubled its “satoshis per share” since its Nasdaq debut less than seven months ago. Despite the rapid accumulation of Bitcoin, ABTC shares have plummeted—dropping nearly 88% in the past six months and 94% from their post-IPO peak of $14.52, closing recently at $0.82. ABTC went public via a merger involving the Trump entity, Hut8, and Gryphon Digital Mining. Following its IPO with a treasury of 2,443 BTC, the company posted a Q4 loss of over $59 million amid falling crypto prices, a reversal from a $3.49 million profit the prior year. Bitcoin’s current price is about $67,336, still down 46% from its October all-time high.
