Eric Trump Says American Bitcoin Holdings Surpass 8,000 BTC
JH Kim
Summary
- Eric Trump said American Bitcoin's Bitcoin (BTC) holdings have surpassed 8,000 BTC.
- He said the company generated a 52% profit margin in its first-quarter mining business despite volatility in the cryptocurrency market.
- He said American Bitcoin is steadily expanding its BTC holdings while maintaining one of the industry's lowest selling, general and administrative (SG&A) expense ratios, and will continue its Bitcoin accumulation strategy.
Forecast Trend Report by Period
Eric Trump, the second son of U.S. President Donald Trump, said American Bitcoin's Bitcoin holdings have surpassed 8,000 BTC.
In a post on X on July 7, Trump said the company generated a 52% profit margin in its first-quarter mining business despite volatility in the cryptocurrency market. He said it continues to accumulate Bitcoin as a treasury asset.
American Bitcoin is also steadily expanding its BTC holdings while maintaining one of the industry's lowest selling, general and administrative, or SG&A, expense ratios, he wrote. He added that the company's Bitcoin accumulation strategy will continue.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.