Eric Trump's American Bitcoin Expands Holdings to 8,000 BTC Despite 94% Stock Plunge Since Listing

BTC-2.16%

According to Benzinga, American Bitcoin, led by Eric Trump, expanded its Bitcoin holdings to 8,000 BTC on July 8, with the company pledging to continue its accumulation strategy. The company reported a 52% mining margin in Q1 2026 and said it maintained industry-low operational costs.

However, market sentiment remains subdued. American Bitcoin's stock has plunged 94% since its September 2025 IPO, and the company executed a 15-to-1 reverse stock split last month to bolster the share price, only to see the stock decline a further 38% afterward.

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