Eric Trump Says He Believes In BTC 'Long Term' And American Bitcoin's 'Growth Metric' Is To Increase Its Stash, Not Chase Exhashes Like Other Miners

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sheet.During American Bitcoin’s fourth-quarter earnings call, Trump was asked about the company’s capital allocation between its mining segment and purchasing Bitcoin on the open market.“We believe in Bitcoin in the long term, and when there are right and opportunistic moments where we believe that we can get a strong return on mining, we will do so,” he responded.Don't Miss:Professional traders demand transparency — see why Kraken Pro has become one of crypto's most trusted advanced trading platforms.This ETF issuer isn't chasing the index — it's building tools for income, leverage, and convictionTrump said that the company will prioritize mining when it can secure a lucrative deal on machines, expand its operations, and sustain low energy costs.He contrasted this approach with other Bitcoin miners, who, in his view,  are fixated on hashrate and mining statistics, at the expense of “underlying economics.”“Our growth metric is simple: increase Bitcoin and increase Bitcoin for sure over the long term,” Trump said.“When there are buying opportunities [in mining], we will look at those opportunities as a way to increase Bitcoin on the balance sheet faster than just buying Bitcoin itself. When those opportunities don't exist, we'll just keep on accumulating Bitcoin day by day,” Trump emphasized.Trending: Missed Nvidia and Tesla? RAD Intel Could Be the Next AI Powerhouse — Invest Now at Just $0.85 a ShareAmerican Bitcoin increased its BTC holdings by 58% quarter over quarter and mined BTC at a 53% discount to prevailing market prices, according to its latest earnings report.The firm currently holds 6,039 BTC, worth $409 million, according to Bitcointreasuries.net. Unlike high-profile peers such as Strategy Inc. (NASDAQ:MSTR), American Bitcoin also produces fresh BTC via in-house mining.American Bitcoin also posted 159% year-over-year revenue growth. Trump said he was “incredibly proud” of the team, describing the company’s growth trajectory as “an amazing story.”American Bitcoin, a majority-owned subsidiary of Hut 8 Corp. (NASDAQ:HUT), started trading on the Nasdaq Exchange in September of last year. However, the stock has tumbled 87% since then.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,823.50 -65.50 (-0.95%)Dow Futures48,476.00 -524.00 (-1.07%)Nasdaq Futures24,767.00 -237.75 (-0.95%)Russell 2000 Futures2,597.30 -37.40 (-1.42%)VIX19.86 +1.23 (+6.60%)Gold5,369.80 +121.90 (+2.32%)Trending tickersBTC-USD Bitcoin USD 65,752.56 -1,150.04 (-1.72%)ETH-USD Ethereum USD 1,941.33 -19.97 (-1.02%)EURUSD=X USD/EUR 0.8500 +0.0028 (+0.33%)^N225 Nikkei 225 58,850.27 +96.87 (+0.16%)BTC-CAD Bitcoin CAD 89,878.09 -1,572.01 (-1.72%)PortfolioSign in to access your portfolioSign inTop gainersAAOI Applied Optoelectronics, Inc. 84.23 +30.54 (+56.88%)BWIN The Baldwin Insurance Group, Inc. 23.23 +4.74 (+25.64%)FIGS FIGS, Inc. 15.45 +2.98 (+23.90%)DELL Dell Technologies Inc. 148.08 +26.63 (+21.93%)PSKY Paramount Skydance Corporation 13.51 +2.33 (+20.84%)Top losersRUN Sunrun Inc. 13.25 -7.17 (-35.11%)FIGR Figure Technology Solutions, Inc. 25.28 -8.76 (-25.73%)CRWV CoreWeave, Inc. 79.56 -18.07 (-18.51%)ACA Arcosa, Inc. 107.48 -20.02 (-15.70%)TPC Tutor Perini Corporation 75.37 -14.01 (-15.67%)Most activeNVDA NVIDIA Corporation 177.19 -7.70 (-4.16%)NFLX Netflix, Inc. 96.24 +11.63 (+13.75%)NU Nu Holdings Ltd. 14.98 -0.08 (-0.53%)PLUG Plug Power Inc. 1.7900 -0.1200 (-6.28%)SOFI SoFi Technologies, Inc. 17.76 -1.34 (-7.02%)Top economic eventsEarnings eventsMy earnings eventsEarnings events