Eric Trump’s American Bitcoin Corp doubled down on its crypto strategy, adding 363 BTC during a market downturn while reaffirming bold price predictions for the digital asset.
Key Takeaways
- ABTC added 363 BTC in November, growing its total Bitcoin holdings to 4,367 BTC, valued near $400 million.
- Eric Trump reiterated his forecast that Bitcoin could top $500,000 by 2029.
- The company’s stock fell up to 44 percent after early investor shares unlocked, but rebounded slightly.
- ABTC continues to prioritize Bitcoin accumulation through mining and market purchases.
What Happened?
American Bitcoin Corp (ABTC), co-founded by Eric Trump and Donald Trump Jr., acquired 363 more BTC during Bitcoin’s November price dip, growing its total reserves to 4,367 BTC. Despite recent stock volatility tied to share unlocks, the firm reaffirmed its commitment to a long-term Bitcoin-first strategy and signaled confidence in its performance fundamentals.
JUST IN: Trump family-backed #Bitcoin miner American Bitcoin Corp increased its holdings by 363 BTC and now holds a total of 4,367 BTC.
— BitcoinTreasuries.NET (@BTCtreasuries) December 4, 2025
🔸Bitcoin 100 Ranking: 23🪜🔸 pic.twitter.com/hSAK9yLd3u
ABTC Expands Bitcoin Treasury Amid Price Slump
ABTC revealed the 363 BTC acquisition in early December, noting it brought the company’s total holdings to 4,367 BTC. This move came as Bitcoin briefly dropped to around $82,000, offering what the company called a “strategic accumulation” opportunity. The firm had previously disclosed 4,004 BTC on November 7.
At current market values, ABTC’s Bitcoin reserves are estimated at $395 to $405 million.
According to Executive Chairman Asher Genoot, ABTC’s core focus is growing Bitcoin per share, mirroring how traditional firms track earnings per share. The goal is to offer shareholders a direct and growing exposure to Bitcoin through both daily mining operations and selective buying.
“We structured this company around what Bitcoin investors told us they wanted,” Genoot said, emphasizing the firm’s accumulation-first model.
Eric Trump Doubles Down on Bitcoin Optimism
Eric Trump used the recent acquisition to reassert his long-standing view that Bitcoin will exceed $500,000 by November 2029. In discussions with investors, he pointed to increasing global interest from governments, family offices, and institutional buyers, especially in regions with currency instability.
He also highlighted growing adoption through financial tools that allow easier access to crypto markets, saying these will further drive long-term demand.
Trump added that ABTC’s mining operations allow the company to acquire Bitcoin at a “steep discount”, which supports additional purchases during market weakness. He confirmed that he has not sold any shares amid the recent selloff.
Stock Volatility Follows Share Unlock
Despite bullish moves, ABTC’s stock experienced a sharp decline, falling as much as 44 percent over five days after a lock-up period ended. This allowed early private investors to sell their shares, a move that typically pressures newly public companies.
The stock hit a low of $2.19 before rebounding 9 percent to close at $2.42 on December 3. Over the past year, it has traded between $0.62 and $14.65, highlighting ongoing market volatility. Notably, investor Cameron Winklevoss also said his firm is staying invested in ABTC.
Strong Q3 Financials and Expanding Mining Power
ABTC reported strong third-quarter results, with:
- Revenue of $64.2 million, up from $11.6 million year-over-year.
- Net income of $3.5 million, compared to a $0.6 million loss last year.
- Adjusted EBITDA of $27.7 million.
- Gross margins reaching 56 percent.
The company also expanded its mining capacity to 25 exahash, demonstrating growth across operations.
Management stated it may consider debt or mergers to scale faster but remains focused on navigating challenges such as Bitcoin price volatility, industry competition, and regulatory scrutiny.
CoinLaw’s Takeaway
In my experience covering crypto firms, few lean into Bitcoin like ABTC is doing right now. While many companies hedge or pivot to other assets, Eric Trump and his team are all-in on a single strategy. They’re not just holding Bitcoin; they’re building an entire financial identity around it. I found their “Bitcoin per share” model to be one of the clearest value propositions in the public crypto space. It simplifies what the company stands for. Yes, stock volatility is real, and yes, regulatory clouds remain. But if you believe in Bitcoin’s future, ABTC is clearly staking its entire future on it.
