American Bitcoin (ABTC), the mining firm co-founded by Eric and Donald Trump Jr., has experienced significant volatility in its stock performance recently. Following a series of adverse developments, its shares listed on NASDAQ plummeted over 62% within a month. Currently, the stock is trading at approximately $1.85, reflecting a decline of 4.90% in the past 24 hours.
Market sentiment has heavily influenced this sharp downturn; however, internal reports from the company indicate a strategy focused on aggressive asset accumulation. This strategy is part of their initiative to establish a “Bitcoin infrastructure backbone.”
As of December 8, 2025, American Bitcoin reported holding around 4,783 Bitcoin, marking an impressive increase of 416 BTC since its last report on December 2, 2025. These digital assets were acquired through mining operations and strategic purchases, including those held in custody or used as collateral for miner purchases, according to a significant agreement with BITMAIN.
The company has stressed its commitment to transparency through the Satoshis Per Share (SPS) metric, which illustrates the proportion of Bitcoin attributable to each outstanding share. This approach offers investors a clearer understanding of their indirect ownership in the underlying digital asset, aiming to create a distinction between the fluctuations of the stock’s market price and the expansion of its Bitcoin treasury.
Eric Trump commented on their Bitcoin holdings, stating, “With our Bitcoin reserve now at 4,783, we continue to scale at an exceptional pace. SPS grew more than 17% in just over a month, and we added 416 Bitcoin in the past week—evidence of the strength and efficiency of our strategy.”
Despite the volatility surrounding ABTC, several analysts remain optimistic about the company’s prospects. Analysts from Roth Capital have expressed confidence in the Bitcoin miner, suggesting that the recent sell-off may present opportunities for substantial returns in the future. However, it is worth noting that Roth Capital has a vested interest in American Bitcoin, having previously provided investment banking services to the firm and its partner, Hut 8. Furthermore, the company’s involvement as an underwriter for the Colombier Acquisition III Special Purpose Acquisition Company (SPAC), on whose board Donald Trump Jr. serves, raises questions pertaining to the objectivity of their bullish outlook.
In addition to these market dynamics, the recent release of ABTC’s third-quarter financial results showcased strong operational performance. The company reported revenues of $64.2 million, a significant increase from $11.6 million, and achieved a net income of $3.5 million, a noteworthy recovery from a net loss of $0.6 million during the same period last year. Eric Trump further reinforced his confidence in the company by stating that he has no plans to sell his personal stake.
In summary, while Roth Capital’s optimistic position is notable, its financial ties to Trump-associated SPACs introduce complexities regarding objectivity in assessing ABTC’s future. Eric Trump’s decision to retain his holdings conveys a level of confidence, yet the market must reconcile ongoing supply shocks before achieving price stability.
