Eric Trump’s American Bitcoin bought $34 million in BTC during November slump
The Block
American Bitcoin, co-founded by Eric Trump, added 363 BTC to its treasury during Bitcoin's November price dip.Summary
American Bitcoin, the bitcoin mining and accumulation firm co-founded by Eric and Donald Trump Jr., announced it added 363 BTC to its treasury, bringing its total holdings to 4,367 BTC as of December 2. This accumulation occurred during Bitcoin's November slump when the price fell significantly from its peak. The company stated that "Strategic accumulation continues." Separately, the firm experienced a 38% drop in its stock price following the unlocking of pre-merger private placement shares, although the stock partially recovered. American Bitcoin previously reported strong third-quarter results, with revenue rising to $64.2 million year-over-year.
(Source：The Block)