American Bitcoin, the Bitcoin mining and treasury firm co-founded by Eric and Donald Trump Jr., increased its holdings by 363 BTC in November, raising total bitcoin assets to 4,367 BTC. The purchase occurred amid a mid-month market decline that saw bitcoin fall from nearly $126,000 to around $82,000.
The firm described the acquisition as part of a “strategic accumulation” approach, signaling continued confidence in bitcoin despite short-term volatility. American Bitcoin’s stock experienced a 38% drop following the unlocking of pre-merger private placement shares, later recovering modestly to close at $2.39 per share.
The company has reported strong operational performance, with third-quarter revenue rising to $64.2 million from $11.6 million year-over-year, and net income reaching $3.5 million compared with a $0.6 million net loss the prior year. Bitcoin has since recovered slightly, trading near $93,332.
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