Eric Trump Celebrates American Bitcoin’s ‘Incredible’ 6,000 BTC Milestone — But Stock Has Sunk 85% Since Nasdaq Debut

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Bitcoin Corporation of America (NASDAQ:ABTC) Co-Founder Eric Trump Raise a glass to celebrate the company’s treasury exceeding 6,000 Bitcoin (Cryptocurrency: BTC) Tuesday was a milestone.

Trump said in an X post that the company had reached an “incredible” milestone within six months of going public.

“Today is a testament to the ability of ABTC to execute, which has built one of the fastest-growing public Bitcoin reserves in the world, surpassing many established players in a very short period of time,” Trump added. “Exciting days are ahead!”

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According to BitcoinTreasuries.net, as of this writing, U.S. Bitcoin holdings are 6,039 BTC worth $409 million, ahead of places like GameStop Corporation (NYSE: GME) and Gemini Space Station Corporation (Nasdaq: GEMI).

Today we hit an incredible milestone for Bitcoin in the U.S. – surpassing 6,000 BTC in less than 6 months since our listing on Nasdaq!

Today is a proof @ABTC The execution has built one of the fastest-growing public Bitcoin reserves in the world, surpassing many established… pic.twitter.com/JNjYZfeajL

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A holding subsidiary of the American Bitcoin Corporation Cabin 8 Company. (Nasdaq: HUT) began trading on the Nasdaq exchange last September. It operates as a hybrid Bitcoin mining and finance company, producing new Bitcoins through its own mining operations.

However, the stock has plummeted 86% since its listing due to the Bitcoin bear market and the expiration of the lock-up period, which allowed early investors to sell the shares and take profits.

It’s worth noting that despite the poor results, analysts remain bullish on the stock. Roth Capital and HC Wainwright Corporation Both firms have a “buy” rating on ABTC and a price target of $4.

The company will release full-year 2025 earnings on February 26 before the market opens.

Image credit: Maxim Elramsisy on Shutterstock.com

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Article Eric Trump Celebrates U.S. Bitcoin Hits 6,000 BTC Milestone, But Shares Are Down 85% Since Nasdaq Debut

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