Eric Trump: American Bitcoin Seeks U.S. Supremacy with 8,300 BTC Reserve
American Bitcoin, listed on Nasdaq for its second year, continues to expand its strategic reserve. The company now holds 8,300 BTC and operates nearly 90,000 mining machines, according to co-founder Eric Trump.
In a recent X post, Trump highlighted American Bitcoin's record quarterly production and gross margins near 50%. He emphasized the company's model of accumulating Bitcoin through production at operating costs below market value.
American Bitcoin's strategy gives it a distinct position among corporate treasury vehicles. Unlike purchasing every coin at market prices, the company uses mining infrastructure and access to power to build its reserve efficiently.