Eric Trump’s American Bitcoin acquires 363 BTC

American Bitcoin Corp (ABTC), a Bitcoin-focused firm supported by Eric Trump and Donald Trump Jr., announced the purchase of an additional 363 Bitcoin (BTC), bringing its total holdings to 4,367 BTC. This strategic accumulation is valued at approximately $405 million based on current market prices. The acquisition comes despite the company recently experiencing a nearly 40% drop in stock value after a lock-up period ended, allowing early investors to sell shares. Although the stock rebounded slightly, it remained significantly down over the preceding five days, though Eric Trump stated that the company's fundamentals remain strong.

(Source：Crypto Briefing)