American Bitcoin Corp co-founder Eric Trump stated in an X post on September 3 that the company, which recently completed its first year on Nasdaq, holds 8,300 Bitcoin on its balance sheet and has expanded its mining fleet to nearly 90,000 machines, achieving record quarterly production with nearly 50% gross margins. Despite the company's shares falling sharply since its Nasdaq debut last September, prompting a 1:15 reverse stock split in July, Trump emphasized that their Bitcoin treasury strategy is built for the long term.