Trump-Backed US Bitcoin Miner Adds 363 BTC to Treasury

Trump family-backed miner American Bitcoin Corp has added 363 BTC to its treasury. The move brings its total holdings to 4,367 BTC, according to data shared by BitcoinTreasuries.NET. With this update, the company now ranks 23rd on the Bitcoin 100 list, placing it among the largest corporate Bitcoin holders in the world.

The addition comes at a volatile time for cryptocurrency and mining stocks. However, the company continues to lean heavily on its hybrid model, Bitcoin mining. At the same time it accumulates it as a long-term treasury asset. This strategy keeps US Bitcoin closely tied to Bitcoin’s long-term price cycle rather than solely short-term mining rewards.

Stocks swing as operations and revenue expand

American Bitcoin trades under the symbol ABTC. As of December 3, the stock closed at $2.39, up more than 9% on the day. However, the broader picture shows strong price swings. The stock has traded between $0.62 and $14.65 over the last 52 weeks. It also fell almost 33% on December 2. This shows how sensitive the name is to feeling. Operationally, the company continues to scale. In the third quarter, it posted $64.2 million in revenue, along with $3.5 million in net income.

Adjusted EBITDA reached $27.7 million and gross margins expanded to 56%. Meanwhile, mining capacity has increased to 25 exahash. This gives the company more leverage as online competition intensifies. At the end of September, the company had 3,418 BTC. The latest purchase confirms that treasury accumulation has not slowed down. Management is now targeting further Bitcoin growth per share. It is considered the core metric for long-term investors.

Eric Trump shows signs of long-term commitment

American Bitcoin was formed through a major move by Hut 8, which contributed most of its fleet of ASICs to a new company led by Eric Trump and Donald Trump Jr. The company was later rebranded as American Bitcoin, and now operates as a majority-owned subsidiary of Hut 8. This week, Eric Trump addressed the recent stock breakouts that triggered market volatility. He confirmed that the first investors in private placements can now sell.

Even so, he stressed that those inside are not heading towards the exit. He said he owns 100% of his ABTC shares and remains fully committed to building the business. Support also came from Cameron Winklevoss, who confirmed that Winklevoss Capital continues to maintain its involvement as a long-term investor. That public support added some confidence during a rocky trading week.

Bitcoin treasury strategy generates growth and risk

American Bitcoin now owns approximately $395 million worth of Bitcoin at current prices. The company aims to continue increasing that amount through mining production and open market purchases. Management has openly discussed potential debt financing and M&A activities to accelerate expansion. At the same time, the risks remain clear. The company faces Bitcoin price swings, increasing competition, regulatory pressure and high capital costs. Its TTM EPS still stands at -1.42. This shows that profitability remains uneven despite strong operating metrics.

Today, the message is simple. American Bitcoin is doubling down on its identity as a Bitcoin-first company. With another 363 BTC added to reserves. The bet is that long-term conviction will outlast short-term chaos. In crypto, chaos is always part of the deal.

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