Trump-backed American Bitcoin tops 7,000 BTC, sats per share double
Crypto Briefing
American Bitcoin Corp, co-founded by Eric Trump, announced its Bitcoin reserve has surpassed 7,000 BTC, doubling its satoshis per share since its Nasdaq debut.Summary
American Bitcoin Corp (ABTC), a Nasdaq-listed mining firm co-founded by Eric Trump, announced it has accumulated over 7,000 BTC, valued around $475 million. This represents threefold growth in its Bitcoin reserve since its Nasdaq listing, with its satoshis-per-share metric more than doubling in the same period. The Miami-based company, which is now the 16th-largest corporate Bitcoin holder globally, generates revenue through industrial-scale mining and a strategy of accumulating and holding mined coins rather than selling them for fiat. Eric Trump has framed the firm as a long-term Bitcoin exposure vehicle, although its shares were down nearly 49% for the year prior to Monday's open.
(Source：Crypto Briefing)