Key Takeaways
- American Bitcoin surpassed 8,000 BTC.
- The announcement reignited some criticism on X.
- American Bitcoin’s strategy mirrors Strategy’s.
Eric Trump announced his co-founded Bitcoin mining company, American Bitcoin, had surpassed 8,000 BTC on Tuesday.
However, the announcement quickly reignited criticism over his repeated calls for investors to “buy the dip” as both Bitcoin and the company’s shares remain under pressure.
Eric Trump Celebrated American Bitcoin Hitting 8,000 BTC
In a post on X, Donald Trump’s son, who serves as Chief Strategy Officer of American Bitcoin, said the company had surpassed the 8,000 Bitcoin milestone while continuing to expand its treasury.
“Thrilled to announce American Bitcoin crossing the 8,000 BTC mark!” Trump wrote.
He added that the company generated a 52% mining profit margin during the first quarter of 2026 while maintaining “one of the lowest SG&A ratios in the industry.”
“The stacking continues,” he said.
American Bitcoin, a majority-owned subsidiary of Canada-listed Hut 8 Corp., has built its Bitcoin treasury through a combination of self-mining and direct purchases.
The company has also expanded its mining capacity, including the deployment of thousands of additional ASIC mining machines earlier this year.
Eric Trump’s Bitcoin Advice Under Fire
Trump’s announcement drew immediate criticism from some users on X, who questioned whether his past previous bullish comments encouraged investors to buy while shareholders suffered significant losses.
One X user replied with a screenshot of Trump’s previous multiple “but the dip” posts, stating:
“Honest question, can we sue the Trumps for this? Were the trumps dumping on shareholders while simultaneously telling everyone to buy? Someone should look into that.”
Many users argue the series of posts made over the past year created false confidence that timed poorly with drawdowns exceeding 20-30% in some instances, leading to accusations of potential market influence benefiting his Trump-linked ventures.
There is no evidence that Eric Trump or American Bitcoin sold Bitcoin holdings while making those public statements.
Bitcoin Treasury Strategy Mirrors Strategy
The latest purchase lifted American Bitcoin’s holdings to more than 8,000 BTC, placing it among the larger publicly traded corporate Bitcoin holders, although still well behind the industry’s biggest treasury companies.
The firm has adopted a treasury strategy similar to that pioneered by Strategy, accumulating Bitcoin as a long-term balance sheet asset.
The company has said it intends to continue expanding its Bitcoin reserves through both mining output and strategic acquisitions while focusing on operational efficiency.
Despite reaching the 8,000 BTC milestone, American Bitcoin remains far smaller than Strategy, which holds approximately 843,775 Bitcoin.
Unlike Strategy, which has financed much of its accumulation through repeated debt and equity offerings, American Bitcoin’s treasury has primarily been funded through mining operations supplemented by direct Bitcoin purchases.
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Kurt Robson is a London-based reporter at CCN, specialising in the fast-moving worlds of crypto and emerging technology. He began his career covering local news in Cornwall after graduating from Falmouth University with First Class Honours in Journalism. There, he cut his teeth on everything from council meetings to missing swans.
He quickly rose through the ranks to become a frontline journalist at several of the UK’s leading national newspapers. Over the years, he has interviewed musicians and celebrities, reported from courtrooms and crime scenes, and secured multiple front-page exclusives.
Following the upheaval of the COVID-19 pandemic, Kurt shifted his focus to technology journalism—just ahead of the AI boom. With a natural curiosity and a trained eye for emerging trends, he has found a new rhythm in reporting on innovation.
At CCN, Kurt’s work focuses on the cutting edge of crypto, blockchain, AI, and the evolving digital world. Drawing on his background in people-first reporting and his deep interest in disruptive tech, Kurt delivers stories that are insightful, entertaining, and human-centric.
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