Trump-Backed Bitcoin Titan Mines 6,000 BTC in 6 Months-But Shares Still Can’t Dig Out of Hole!

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Key Highlights

  • Erected a monument to 6,000 BTC with a tweet, because why not? Eric Trump, the self-proclaimed “Bitcoin Bard,” declared the feat on X, where he likely gained 3 followers and 7,000 existential crises.
  • The company’s treasure trove now boasts 6,060 BTC-enough to buy a small island, or a very expensive apology from Elon Musk.
  • They mine coins like a squirrel hoarding acorns, then buy more on the market like a drunk gambler at a blackjack table. Strategy? A word. Also, caffeine.

American Bitcoin Corp. (Nasdaq: ABTC), a digital-age Aladdin’s lamp rubbing itself into existence, has somehow inflated its BTC stash to 6,060 units. At current prices, this equates to $413 million-though the true value remains the question, much like the meaning of life.

In an X post worthy of a Shakespearean soliloquy, Eric Trump proclaimed, “Today we reached an incredible milestone for American Bitcoin-Crossing 6,000 BTC in under 6 months since our Nasdaq debut!” One might assume this is impressive, but then again, so is a toddler stacking blocks. With marginally better balance.

“Today we reached an incredible milestone…”-Eric Trump, who now holds the title of “Most Dramatic Miner” in the Bitcoin Hall of Fame. The rest of the world: still waiting for their turn to declare victory over gravity.

Over the past month, the company added 217 BTC, a feat akin to a sloth sprinting. This surge coincides with Bitcoin’s valiant (and somewhat delusional) attempt to reclaim $70,000, which it last saw in 2021, during the peak of the avocado toast era.

Mining output and market purchases

American Bitcoin’s strategy is a masterclass in financial jujitsu: mine coins, buy more, and never sell-unless you count “treasury” as a euphemism for “hope chest.” This approach has them outpacing Galaxy Digital, whose 6,894 BTC is now the corporate equivalent of a slightly less embarrassing family heirloom.

Meanwhile, the broader market watches in stunned silence as public companies treat Bitcoin like a tax-advantaged savings account. Or, as one analyst put it, “a financial sleight of hand that would make Houdini blush.”

Share price under pressure

Despite this BTC bonanza, ABTC shares are currently trading at $1.09-a price so low it could be mistaken for a rounding error. Investors, meanwhile, are left wondering if they accidentally bought stock in a defunct sock puppet factory.

The stock’s recent performance reads like a tragic opera: it briefly hit $2 in January, then plummeted like a lead balloon at a hot-air balloon festival. Perhaps the market is simply punishing investors for believing in magic. Again.

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2026-02-17 20:46