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Eric Trump responds to Forbes: ABTC has ranked as the 16th largest publicly listed Bitcoin company, criticizing the tone as being just like years past.
April 29 News, Trump’s second son Eric Trump responded to Forbes’ criticism of his large arbitrage profits through Bitcoin business, accusing them of harming MAGA investors. Eric stated that Forbes has become a disgrace in the journalism industry. Just over a year ago, his Bitcoin company American Bitcoin (ABTC) did not exist. Seven months and 25 days ago, ABTC was listed on NASDAQ, and today it holds over 7,000 Bitcoin, making it the 16th largest publicly traded Bitcoin company in the world, backed by a massive cluster of nearly 90k mining machines, 28 EH/s of hash power, and using the highest quality energy in the United States. In the fourth quarter alone, Bitcoin on its balance sheet increased by 58%, mining costs were 53% lower than Bitcoin market prices, and revenue reached $78.3 million, a 22% quarter-over-quarter increase.
American Bitcoin can be said to be the fastest company to break into the “Top 100” rankings in this field, actively expanding its mining scale every day. This narrative is very similar to Forbes’ tone back then.