Eric Trump wants to turn U.S. into Bitcoin leader

Eric Trump wants to turn U.S. into Bitcoin leader

Bibhu Pattnaik

Fri, September 4, 2026 at 7:49 PM GMT+3 2 min read

• BTC-USD -1.66%
• ABTC -14.12%

American Bitcoin Corp (Nasdaq: ABTC), the Bitcoin mining and treasury firm backed by the Trump family, completed its first year on the Nasdaq this week, with co-founder Eric Trump using the occasion to restate the company's broader ambition, positioning the United States as the dominant force in the global Bitcoin economy.

In an X post on Sep. 3, Eric Trump said the company now holds 8,300 Bitcoin on its balance sheet and its mining fleet has expanded to nearly 90,000 machines, which Trump credited for a "record quarterly production."

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Margins in focus

Trump highlighted that the company's mining operations are running at close to 50% gross margins, a figure he described as evidence of disciplined execution.

He called American Bitcoin's growth trajectory among the fastest build-outs of a public Bitcoin treasury in the market, crediting the team behind it for what he termed an incredible year and an especially strong month.

"Nearly 90,000 miners. Record quarterly production. One of the fastest-built public Bitcoin treasuries in the market mining at nearly 50% gross margins," he further noted.

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Mission unchanged

Despite the milestones, Trump was careful to frame them as part of a larger goal rather than an endpoint.

He reiterated that the company's mission remains unchanged since its founding: "make America the leader of the Bitcoin economy."

His statement sharply contrasts with American Bitcoin Corp's (ABTC) market performance. Shares have fallen sharply since the company's Nasdaq debut in September last year, prompting a 1:15 reverse stock split in July to maintain listing compliance.

Even so, Trump and the company have maintained that the Bitcoin treasury strategy is built for the long term, not short-term stock swings.

The ABTC stock was trading 5% lower at around $9 at the time of writing.

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This story was originally published by TheStreet on Sep 4, 2026, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.