Eric Trump’s American Bitcoin jumps to 20th among public BTC treasury companies
CoinDesk
American Bitcoin Corp (ABTC), co-founded by Eric Trump, now holds 5,098 BTC, ranking it 20th among public treasury companies.Summary
American Bitcoin Corp (ABTC), a Nasdaq-listed company co-founded by Eric Trump, increased its Bitcoin holdings to 5,098 coins, valued at nearly $450 million based on a BTC price of $87,600. This latest acquisition, made during a selloff, elevates ABTC to the top 20 publicly-traded Bitcoin treasury firms, according to bitcointreasuries.net. The company's holdings were accumulated through self-mining and targeted purchases, including bitcoin held under agreements with Bitmain. ABTC also reported a 96.5% Bitcoin yield since its Nasdaq debut. Despite these achievements, the stock has dropped nearly 60% since an unexpected lock-up expiration two weeks prior.
(Source：CoinDesk)