American Bitcoin's BTC holdings surpass 8,000, says Eric Trump

Eric Trump, son of U.S. President Donald Trump, announced on X that American Bitcoin's holdings of Bitcoin (BTC) have surpassed 8,000. He stated that despite volatility in the cryptocurrency market, the company achieved a 52% profit margin from its mining business in the first quarter and is continuously accumulating BTC as a treasury asset. Trump emphasized that this accumulation strategy will continue, noting that American Bitcoin maintains one of the lowest selling, general, and administrative (SG&A) expense ratios in the industry while steadily expanding its BTC reserves.