Trump-backed American Bitcoin increases its Bitcoin holdings to 5,044 BTC
Crypto Briefing
Trump-backed American Bitcoin Corp increased its holdings to 5,044 BTC, ranking 21st on the Bitcoin 100 list.Summary
American Bitcoin Corp, a Bitcoin mining and accumulation company supported by Donald Trump Jr. and Eric Trump, recently acquired 261 BTC, bringing its total holdings to 5,044 BTC. This move positions the company at 21st on the Bitcoin 100 list for the largest corporate Bitcoin holders, narrowly behind Semler Scientific. At the time of reporting, with Bitcoin trading near $89,700, the total stash was valued at over $450 million. Despite this milestone, the company's shares have faced recent downward pressure, dropping about 64% over the last month, partly due to the release of pre-merger private placement shares onto the public market.
(Source：Crypto Briefing)