Eric Trump Touts 'Disciplined Accumulation, Relentless Execution' As American Bitcoin Buys More BTC: 'Best Is Yet To Come'

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American Bitcoin Corp. (NASDAQ:ABTC)  co-founder Eric Trump celebrated the company’s growing Bitcoin (CRYPTO: BTC) reserve Monday, signaling that “the best is yet to come.”

Trump Sets Ambitious Target For ABTC

Trump said in an X post that within a span of four months, the company has grown to become the 19th largest Bitcoin treasury, holding 5,427 BTC, worth $509 million, as of this writing.

“In just 4 months, we’ve built one of the fastest-growing and strongest Bitcoin companies on Earth,” Trump said. “Disciplined accumulation. Relentless execution.”

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Trump added that the company’s next target is to surpass Galaxy Digital Inc.(NASDAQ:GLXY) and Next Technology Holding Inc.(NASDAQ:NXTT) to become the 16th-largest corporate holder of Bitcoin.

Michael Saylor’sStrategy Inc. (NASDAQ:MSTR) is sitting pretty at the top, with a whopping $63 billion worth of Bitcoin on its books.

In just 4 months, we've built one of the fastest-growing and strongest Bitcoin companies on Earth.

Proud to announce that @ABTC just leaped to the #19 Largest Public Bitcoin Treasury —surpassing KindlyMD (NAKA).

Disciplined accumulation. Relentless execution.

The best is yet… https://t.co/eJSWecuiO3

See Also: Buffett's Secret to Wealth? Private Real Estate—Get Institutional Access Yourself

ABTC Has Cratered Since Launch

American Bitcoin, a majority-owned subsidiary of Hut 8 Corp. (NASDAQ:HUT), completed its all-stock merger and began trading on Nasdaq in early September.

However, the stock has tumbled nearly 75% since launch, in part due to Bitcoin’s decline and the expiration of ABTC's lock-up period, which enabled early investors to sell their shares and realize profits

Interestingly, despite the slump, Roth Capital analyst Darren Aftahi initiated coverage of the stock with a "Buy" rating and set a price target of $4.

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Photo courtesy: Maxim Elramsisy / Shutterstock.com

This article Eric Trump Touts 'Disciplined Accumulation, Relentless Execution' As American Bitcoin Buys More BTC: 'Best Is Yet To Come' originally appeared on Benzinga.com

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