American Bitcoin buys the dip hard, DESPITE ABTC’s
The post American Bitcoin buys the dip hard, DESPITE ABTC’s appeared on BitcoinEthereumNews.com.
American Bitcoin, the mining and accumulation firm co-founded by Eric and Donald Trump Jr., has signaled a bullish conviction in the world’s largest cryptocurrency by expanding its treasury holdings during a period of market turbulence. American Bitcoin increases Bitcoin holdings In an announcement on 3 December, the company disclosed that it added 363 BTC to its balance sheet. In doing so, it brought its total Bitcoin reserves to 4,367 BTC as of 02 December. This marks a notable increase from the 4,004 BTC reported just weeks prior on 7 November. The timing of this aggressive acquisition is particularly noteworthy. The data indicated that American Bitcoin [BTC] executed its purchases precisely when the price of BTC was experiencing a substantial pullback, plummeting from a peak of $126,000 to a low near $82,000 over the preceding month. This move underscores the firm’s adherence to an opportunistic accumulation strategy, one aimed at maximizing its holdings by buying the dip. This is something that Strategy’s Michael Saylor usually follows. Firm’s Q3 results and more It also coincided with the price of Bitcoin trading at $92,661.25 at press time, providing a favorable backdrop for the crypto mining and accumulation industry. Meanwhile, ABTC’s stock price was trading at $2.39 at the same time, up by 9.13% as per Google Finance. All this, at a time when the company recorded its impressive third-quarter financial results. For those unaware, American Bitcoin reported a significant surge in key metrics, demonstrating substantial year-over-year growth. Revenue saw a massive hike too, rising to $64.2 million from $11.6 million in the same quarter last year. The company successfully swung to profitability, recording a net income of $3.5 million – A vast improvement compared to the $0.6 million net loss reported a year earlier. American Bitcoin’s stock crash However, the recent drastic drop…
Filed under: News - @ December 5, 2025 6:20 am