American Bitcoin Corp Treasury Surpasses 8,000 Bitcoin

American Bitcoin Corp. co-founder Eric Trump announced Tuesday that the company's corporate treasury holdings have surpassed 8,000 Bitcoin, valued at approximately $504 million. The milestone positions American Bitcoin as the 16th-largest corporate Bitcoin holder. Trump reported a 52% mining profit margin for the first quarter and noted low overhead costs.

These treasury gains contrast with a severe decline in equity value. The company's stock has fallen 94% since its September public debut, resulting in an estimated $500 million loss in shareholder value. The downturn is attributed to a bear market in Bitcoin prices and rising mining costs.

Efforts to stabilize the share price have so far failed. A recent 1-for-15 reverse stock split did not halt the decline, and the stock fell another 23.20% to close at $6.52 during Tuesday's regular trading session.