American Bitcoin holds 8,300 Bitcoin worth about $670 million and operates nearly 90,000 active mining units as it marks the first anniversary of its Nasdaq listing. Co-Founder and Chief Strategy Officer Eric Trump said the company achieved record quarterly production and nearly 50% gross margins while pursuing a strategy that combines in-house mining with at-market Bitcoin purchases to expand its corporate reserve and make the U.S. a leader in the Bitcoin economy. ABTC shares fell 14.78% to $7.96 Friday, reversing part of Thursday’s rally as hotter-than-expected August payrolls, a stronger U.S. dollar, higher rate-hike expectations and profit-taking pressured crypto and other risk assets. Shares have fallen 90% since their debut and 63% year to date. American Bitcoin reported second-quarter revenue of $67.015 million, below the $73 million analyst estimate, and a loss of $0.80 per share, while Roth Capital, H.C. Wainwright & Co. and Maxim Group maintained Buy ratings with a consensus price target of $8.