American Bitcoin Company (ABTC) Chief Strategy Officer Eric Trump stated that the company's long-term strategy is to increase Bitcoin holdings. He emphasized that under favorable conditions such as machine trading discounts and low energy costs, the company will prioritize mining to achieve substantial returns, which contrasts sharply with miners who focus solely on hash rate. ABTC's Bitcoin holdings have increased by 58% quarter-over-quarter, with mining prices at a 53% discount to market prices, and revenue has grown by 159% year-over-year. Despite this, ABTC's stock price has fallen 87% since its listing on Nasdaq in September last year.
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American Bitcoin Company (ABTC) Chief Strategy Officer Eric Trump stated that the company's long-term strategy is to increase Bitcoin holdings. He emphasized that under favorable conditions such as machine trading discounts and low energy costs, the company will prioritize mining to achieve substantial returns, which contrasts sharply with miners who focus solely on hash rate. ABTC's Bitcoin holdings have increased by 58% quarter-over-quarter, with mining prices at a 53% discount to market prices, and revenue has grown by 159% year-over-year. Despite this, ABTC's stock price has fallen 87% since its listing on Nasdaq in September last year.