American Bitcoin Corp (ABTC), the Trump sons’ bitcoin mining company, has surpassed its total holdings of 7,000 bitcoins (BTC), roughly $471 million, as its stock fell to its lowest level since going public.
Shares fell nearly 4% on the day, continuing a sharp decline that began shortly after the company debuted on the Nasdaq last September.
Hoarding Bitcoin During Stock Collapse by 90%
As of this writing, ABTC stock is trading at $0.81, retesting levels last seen in April 2025 and just inches away from its all-time low of $0.6275.
American Bitcoin It went public in May 2025with approximately 2,443 BTC in its vault. Since then, that number has nearly tripled classification It ranks 16th among publicly traded bitcoin holders globally, with 7,000 bitcoins in its treasury.
The company grows its reserves through two channels: direct market purchases and Bitcoin mining through its own operations.
“The accumulation machine is running at full capacity – discounted mining plus disciplined buying. No company is climbing the rankings faster,” books Eric Trump.
The company also doubled the satoshi per share, A Metric tracking of bitcoin holdings Compared to total shares outstanding.
ABTC stock performance tells a different story
Despite the increased reserves, ABTC shares are down nearly 88% over the past six months. The stock peaked at $14.52 on September 3, 2024, during the opening day rally, and trading was halted 7 times due to price fluctuations. He has not recovered since.
The company reported a net loss of more than $59 million in the fourth quarter of 2024, a sharp reversal from a profit of $3.49 million in the same period a year earlier. Declining cryptocurrency prices during the quarter contributed to the loss.
American Bitcoin was created when the Trump brothers merged their private entity with publicly traded mining company Hut 8, then gained a listing on the Nasdaq through a stock-for-stock deal with Gryphon Digital Mining.
Bitcoin itself It trades around $66,844It remains roughly 50% below its all-time high of $126,199 set last October.
Whether increased BTC reserves can eventually translate into a rebound in stock prices depends on how investors weigh treasury accumulation against ongoing operating losses.
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