Trump-linked American Bitcoin adds $163M in BTC, boosting treasury above $445M
Trump-linked American Bitcoin acquired $163 million in BTC, increasing its total holdings to 3,865 BTC, valued near $445 million.Summary
American Bitcoin, the mining and treasury company co-founded by Eric Trump and Donald Trump Jr., announced the acquisition of 1,414 Bitcoin (BTC) for approximately $163 million, raising its total reserves to 3,865 BTC, worth nearly $445 million. Eric Trump emphasized the company's focus on maximizing the Bitcoin-per-share ratio as a key measure of shareholder value. The company recently listed on the Nasdaq under the ticker "ABTC" following a merger with Gryphon Digital Mining. The increased visibility of Trump-linked entities in the crypto space, especially following President Trump's recent pardon of Binance founder Changpeng "CZ" Zhao, has drawn scrutiny from lawmakers regarding potential conflicts of interest and personal financial gain.
(Source：Cointelegraph)