American Bitcoin (ABTC), the mining company co-founded by Eric and Donald Trump Jr., has seen extreme volatility lately.
After a wave of negative news, NASDAQ-listed stocks have decreased by more than 62% in one month. At the time of writing, the stock was trading around $1.85, having dropped 4.90% in the past 24 hours.
Although market sentiment caused the recent crash, the company’s internal reports paint a picture of aggressive asset accumulation. This is at the core of its ‘Bitcoin infrastructure backbone’ strategy.
The US Bitcoin Accumulation Wave
From December 8, 2025, ABTC reported with a total of approximately 4,783 Bitcoin – an impressive increase of 416 BTC since the last update on December 2, 2025.
These reserves, acquired through a combination of mining activities and strategic purchases, include assets held in trust or pledged as collateral for purchases by miners under a major agreement with BITMAIN.
Crucially, the company has also highlighted its commitment to transparency by highlighting the Satoshis Per Share (SPS) metric.
This figure, which reflects the amount of Bitcoin [BTC] attributable to each outstanding share, provides investors with a direct measure of their indirect ownership of the underlying digital asset. Such a metric essentially aims to separate the volatility of the public stock price from the growth of the main Bitcoin treasury.
Making the same comment on this, Eric Trump commented:
“With our Bitcoin reserve at 4,783, we continue to scale at an exceptional pace. SPS grew by over 17% in just over a month, and we added 416 Bitcoin in the past week – a testament to the strength and efficiency of our strategy.”
Analysts are still optimistic…
Despite ABTC’s turbulent movement, some analysts still remain retain However, there is an optimistic outlook, with some suggesting the steep sell-off offers the potential for strong future returns.
Specifically, analysts at Roth Capital have publicly expressed their confidence in the Bitcoin miner co-founded by Eric Trump.
However, this optimistic perspective comes with an important revelation that puts the company squarely in the context of Trump-related business interests.
Roth previously provided investment banking services to American Bitcoin and its partner Hut 8.
In addition, the company deepens its involvement as an underwriter for the Colombier Acquisition III Special Purpose Acquisition Company (SPAC), an entity on whose board Donald Trump Jr. resides, this financial relationship.
A good third quarter?
This all followed the release of ABTC’s impressive third quarter financial results.
These results demonstrated robust operational health, with revenue rising to $64.2 million (up from $11.6 million) and the company swinging to net income of $3.5 million – a vast improvement from a net loss of $0.6 million last year.
Eric Trump also shared this confidence and stated that he has no intention of selling his personal stake.
Final thoughts
- Roth Capital’s bullish position is notable, but its deep financial ties to Trump-linked SPACs raise inevitable questions about objectivity.
- Eric Trump’s refusal to sell his shares signals confidence, but the market still needs to absorb supply shocks before price stability returns.