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.
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
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Eric Trump, co-founder and Chief Strategy Officer of American Bitcoin Corp. (NASDAQ:ABTC), said Thursday on the company's fourth-quarter earnings call that the firm's core long-term strategy is to increase Bitcoin holdings on its balance sheet; when asked about capital allocation between mining and open-market purchases he said "we believe in Bitcoin in the long term" and that American Bitcoin's growth metric is to increase its BTC stash rather than chase exhashes like other miners.
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