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Stock impact report

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 [Yahoo! Finance]

American Bitcoin Corp. - Class A (ABTC) 
Company Research Source: Yahoo! Finance
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Eric Trump , co-founder and Chief Strategy Officer of American Bitcoin Corp. (NASDAQ: ABTC ), said Thursday that the company's core long-term strategy is to increase Bitcoin (CRYPTO: BTC ) on its balance sheet. ‘We Believe In Bitcoin In The Long Term' 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 conviction Trump said that the compa Show less Read more
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