Eric Trump-backed American Bitcoin reported its highest quarterly Bitcoin production on record after mining 817 BTC during the first quarter.
According to the company, its Bitcoin reserves increased by nearly 30% over the same period, reaching 7,300 BTC following the strategic treasury purchase of an additional 803 BTC.
The company stated that it did not sell any of its Bitcoin holdings, emphasizing its continued long-term holding strategy for the digital asset.
American Bitcoin also said it maintained mining margins above 50% amid ongoing expansion among U.S.-based mining firms and increasing competition across the sector.