The American Bitcoin Corp (ABTC), one of the largest players in the Bitcoin mining industry, saw its stock plunging drastically this week. With lock-ups maturing, early American Bitcoin Corp investors decided to cash out, shredding approximately one third of the stock’s market cap.
The company’s due model of acquiring Bitcoin (BTC) for the treasury while physically mining BTC with 25 Exahash capacity. While the investor roster has been cut short, American Bitcoin Corp (ABTC) is led by Eric Trump & Donald Trump Jr, ambitious to lead the mining industry.
Trump-Driven American Bitcoin Climbs Up The Ladder
In their latest move, the Trump brothers purchased 363 Bitcoins (BTC), worth above $33 million at the time of publication. This has pushed The American Bitcoin Corp to the #23 position among Bitcoin’s TOP 100 largest corporate holders around the globe.
Holding a total 4,367 Bitcoins, the Donald Trump Jr & Eric Trump backed Bitcoin (BTC) mining venture is akin to GameStop, the popular video game company that’s also been a prominent ambassador of the flagship crypto asset.
With ABTC’s cumulative reserve now nearing the region of $400 million, Eric Trump confirmed early private placement investors have been given the green light to sell. Addressing the lock-up period expiration, Trump said the insiders are not selling.
Explore DailyCoin’s hottest crypto news today:
UK Law Confirms Crypto as Personal Property
Fed Liquidity Boost Sends Bitcoin Higher
People Also Ask:
The Trump sons-backed miner just added 363 BTC worth ~$33M during November’s price dip, bumping total holdings to 4,367 BTC valued at around $415M as of December 4, 2025.
Co-founded by Eric Trump & Donald Trump Jr. as a major shareholder, American Bitcoin merged from Hut 8 and Gryphon Digital Mining—it’s Nasdaq-listed (ABTC) and aims to be the world’s top BTC treasury.
Potentially. They mined at ~$50K/coin costs and bought low amid the slump, echoing MicroStrategy’s HODL wins; low on-exchange supply + this stack often precedes rallies in bull cycles.
Swung to Q3 profit on wider margins, with revenue doubling YTD—now 25th largest public BTC holder, but shares hover ~$2.33 amid crypto volatility and AI-mining competition.
Bullish if BTC breaks $100K on pro-crypto policies; they’ve raised $220M for more stacks, but watch energy costs & halving effects—experts see this as a floor confirmation for 2026 upside.
