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.

“We believe in Bitcoin in the long term, and when there are right and opportunistic moments where we believe that we can get a strong return on mining, we will do so,” he responded.

Trump said that the company will prioritize mining when it can secure a…

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