Trump's son’s company buys more than $38 million in Bitcoin

Source: PortaldoBitcoin Original Title: Trump’s Son’s Company Buys Over US$ 38 Million in Bitcoin Original Link: American Bitcoin, a Bitcoin mining and treasury company with Eric Trump as co-founder and chief strategy officer, announced the purchase of approximately 416 new bitcoins last week, increasing its reserves to 4,783 BTC as of December 8, 2025.

The purchased amount, equivalent to about US$ 38 million at current prices, underscores the company’s rapid expansion, which has Hut 8 as its majority shareholder and listed its shares on Nasdaq just three months ago.

In a statement, the company said its reserves include mined bitcoins, strategic acquisitions, and assets held in custody or committed in operational agreements with equipment manufacturer Bitmain.

“With our reserve now at 4,783 BTC, we continue to scale at an exceptional pace,” said Eric Trump in the statement. American Bitcoin also updated its Satoshis Per Share (Satoshis per share, or SPS), which shows the amount of bitcoin allocated to each issued share. According to the company, the figure increased by over 17% in just over a month.

Despite the expansion in BTC accumulation and a gross margin of 54.94% over the last twelve months, the stock performance has been volatile. The stock, trading at US$ 2.05, fell 14.23% last week and has dropped 68.02% since the IPO.

Recently, American Bitcoin released strong third-quarter results, with revenue rising to US$ 64.2 million from US$ 11.6 million the previous year, and net profit of US$ 3.5 million, compared to a net loss of US$ 600,000 in the same period of 2024.

The company states it will continue to provide updates on its reserves, SPS, and other performance metrics on its website and social media. American Bitcoin’s business model combines self-mining with accumulation strategies, maintaining significant exposure to the BTC price.