Eric Trump Announces American Bitcoin Corp Holds Over 8,000 BTC, Pledges Continued Accumulation

According to Asia Economy, on July 7, Eric Trump announced that American Bitcoin Corp (ABTC) has exceeded 8,000 bitcoin holdings and pledged to continue accumulating despite market volatility. Trump stated the company maintained a Q1 mining yield of 52% while keeping expenses at industry-low levels.

The announcement, however, drew criticism from some investors, who noted Trump's repeated "buy the dip" messaging over the past year may have encouraged retail participation. Some questioned whether the company's leadership engaged in profit-taking while encouraging shareholders to buy. ABTC's stock has declined approximately 94% since going public and fell another 38% following a 15-to-1 reverse split last month.