Eric Trump’s American Bitcoin jumps to 20th among public BTC treasury companies

Core Insights - American Bitcoin Corp (ABTC) acquired an additional 54 bitcoin during a market selloff, increasing its total holdings to 5,098 coins valued at nearly $450 million based on the current bitcoin price of $87,600 [1] - The company, co-founded by Eric Trump, ranks among the top 20 publicly-traded bitcoin treasury firms [1] Company Holdings - ABTC's bitcoin holdings were accumulated through a mix of self-mining and targeted purchases, including bitcoin held in custody or pledged under a miner purchase agreement with Bitmain [2] - The company reported a 96.5% bitcoin yield since its Nasdaq debut, with 533 satoshis per share as of December 14 [3] Stock Performance - Despite a rise in bitcoin prices on Tuesday, ABTC's stock fell by 2.7%, continuing a downward trend following an unexpected stock lock-up expiration two weeks prior [3] - The company's shares have decreased nearly 60% since the lock-up expiration [3]