Trump-Backed Miner American Bitcoin Adds 363 BTC to Treasury

Source: CryptoNewsNet Original Title: Trump-Backed Miner American Bitcoin Adds 363 BTC to Treasury Original Link: American Bitcoin Corp has added 363 BTC to its treasury. The move lifts its total holdings to 4,367 BTC, according to data from Bitcoin treasury tracking sources. With this update, the company now ranks 23rd on the Bitcoin 100 list, placing it among the world’s largest corporate Bitcoin holders.

The addition comes at a volatile moment for crypto and mining stocks. Yet the company continues to lean hard into its hybrid model, mining Bitcoin while also stacking it as a long-term treasury asset. This strategy keeps American Bitcoin tightly tied to Bitcoin’s long-term price cycle rather than short-term mining rewards alone.

Stock Swings as Operations and Revenue Expand

American Bitcoin trades under the ticker ABTC. As of December 3, the stock closed at $2.39, up over 9% on the day. However, the bigger picture shows sharp price swings. The stock has traded between $0.62 and $14.65 over the past 52 weeks. It also dropped nearly 33% on December 2. This shows just how sensitive the name is to sentiment.

Operationally, the company continues to scale. In Q3, it posted $64.2 million in revenue, alongside $3.5 million in net income. Adjusted EBITDA reached $27.7 million and gross margins expanded to 56%. Meanwhile, mining capacity has grown to 25 exahash. This gives the company more leverage as network competition intensifies. As of late September, the firm held 3,418 BTC. The latest purchase confirms that treasury accumulation has not slowed. Management now targets stronger Bitcoin per share growth, seen as the core metric for long-term investors.

Long-Term Commitment Signals

American Bitcoin was formed through a major move by a leading mining company, which contributed most of its ASIC fleet to a new venture. The venture was later rebranded as American Bitcoin. This week, leadership addressed recent share unlocks that triggered market volatility. They confirmed that early private placement investors can now sell. Still, they stressed that insiders are not heading for the exit, with key stakeholders confirming they are holding positions and remain fully committed to building the business.

Support also came from other major investors, who confirmed that they continue to hold their stake as a long-term investor. That public backing added some confidence during a shaky trading week.

Bitcoin Treasury Strategy Brings Growth and Risk

American Bitcoin now holds roughly $395 million worth of Bitcoin at current prices. The company aims to keep growing that stack through mining output and open-market buys. Management has openly discussed possible debt financing and M&A activity to speed up expansion.

At the same time, risks remain clear. The firm faces Bitcoin price swings, rising competition, regulatory pressure and high capital costs. Its TTM EPS still sits at -1.42. This shows that profitability remains uneven despite strong operating metrics.

Currently, the message is simple. American Bitcoin is doubling down on its identity as a Bitcoin-first company. With another 363 BTC added to reserves. It is betting that long-term conviction will outlast short-term chaos. In crypto, chaos is always part of the deal.