- American Bitcoin Corp purchased 363 BTC, raising its holdings to 4,367 BTC.
- The stock dropped nearly 40% after a lock-up expiration but rebounded 9% on Wednesday.
- Eric Trump says the company’s fundamentals remain strong despite volatility.
American Bitcoin Corp (ABTC), the Bitcoin-focused company backed by Eric Trump and Donald Trump Jr., has added another 363 BTC to its balance sheet, according to a Thursday announcement. The latest purchase brings ABTC’s total holdings to 4,367 BTC, worth roughly $405 million at current prices — a clear continuation of its aggressive accumulation strategy.
Strategic Buying Continues Despite Stock Turbulence
ABTC has been steadily building its Bitcoin reserves, positioning itself as a heavyweight corporate holder in the digital-asset market. The company posted the update publicly, framing the purchase as part of its long-term strategy rather than a reaction to short-term volatility.
However, ABTC has had a turbulent week. Its stock plunged nearly 40% after a lock-up period expired, allowing early investors to sell their shares. Despite the sharp drop, Eric Trump stated that the company’s fundamentals remain strong and affirmed his ongoing personal investment in the firm.
ABTC Stock Sees Partial Rebound
After the steep selloff earlier in the week, ABTC shares bounced back on Wednesday, closing up 9%. Even so, the stock remains down 44% over the past five days, according to Yahoo Finance.
The combination of declining stock price and continued Bitcoin accumulation paints a picture of a company doubling down on its core thesis — even as public-market pressure intensifies.
