American Bitcoin adds 363 BTC during market pullback

The company described the deal as a continuation of its Bitcoin “accumulation” strategy. Management presents American Bitcoin as a business that combines mining the first cryptocurrency with steadily building a long-term BTC reserve. The latest purchase was executed as Bitcoin’s price retreated in November from its record highs.

American Bitcoin listed on Nasdaq in September through a merger with Gryphon Digital Mining. The company is betting not only on revenue from mining, but also on the appreciation of the Bitcoin it holds on its balance sheet. Earlier, American Bitcoin reported that its quarterly revenue had risen to $64.2 million compared with the previous year.

The new Bitcoin purchase came against the backdrop of sharp volatility in the company’s shares. Earlier this week, American Bitcoin stock fell nearly 40% after the lockup period expired for shares bought by some investors before the merger. In the first hours of trading the price was down by almost half, but by the close of the session the stock had recovered part of those losses. Company executives and members of the Trump family said they did not sell their own stakes.

At the same time, Eric Trump continues to make bullish public forecasts on Bitcoin. At recent industry events he called Bitcoin an “explosive asset” and said he had no doubt it could reach $1 million in the coming years. In his view, growing institutional interest combined with Bitcoin’s fixed supply supports long-term demand for the asset.

The purchase of 363 BTC is in line with this message: the company uses market pullbacks to increase the share of Bitcoin on its balance sheet. That strategy, however, makes American Bitcoin even more dependent on BTC price movements. With crypto markets still highly volatile, the company’s valuation and share price are likely to react strongly both to swings in Bitcoin and to headlines around regulation in the United States and other key jurisdictions.

Investors who follow American Bitcoin’s stock are watching two things at once: the company’s mining performance and how aggressively it continues to build its crypto reserve. The new purchase signals that management remains confident in Bitcoin’s long-term story and is not backing away from an active accumulation strategy, even after a sharp drop in the share price — in contrast to Strategy, which has started to rebuild its cash reserve instead of expanding its BTC holdings.