Home » Trump-backed American Bitcoin tops 7,000 BTC, sats per share double

Trump-backed American Bitcoin tops 7,000 BTC, sats per share double

by Anna Avery


American Bitcoin Corp (ABTC), a Nasdaq-listed mining firm co-founded by Eric Trump and backed by the Trump family, announced Monday that its Bitcoin reserve has reached 7,000 BTC, a position worth roughly $475 million at current market prices.

As noted by the firm, the figure represents about three-fold growth in its Bitcoin holdings since listing on Nasdaq, with its satoshis-per-share metric more than doubling over the same period.

The Miami-based company began accumulating Bitcoin in mid-2025, and its purchases have become increasingly steady in the latter part of the year. It is now the 16th-largest corporate holder of Bitcoin.

American Bitcoin runs two revenue lines, including industrial-scale Bitcoin mining and a corporate treasury strategy built on accumulating and holding mined coins instead of selling them for fiat currency.

Eric Trump has positioned the firm as a vehicle for long-term Bitcoin exposure.

American Bitcoin shares climbed before Monday’s open, though the stock remains down nearly 49% for the year, per Yahoo Finance.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.





Source link

You may also like

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Top Post

Editor Picks

Feature Posts

© 2025 chaintechdaily.online. All rights reserved.