Trump-linked American Bitcoin adds $163M in BTC, boosting treasury above $445M
Trump-linked Bitcoin miner and treasury company American Bitcoin added 1,414 BTC to its holdings, bringing its total stash to 3,865 BTC.
American Bitcoin, the mining and treasury company co-founded by Eric Trump and Donald Trump Jr., added more than 1,400 Bitcoin to its holdings.
According to a Monday announcement, American Bitcoin acquired 1,414 Bitcoin (BTC) for about $163 million. This brought the total holdings to 3,865 BTC, worth almost $445 million.
Eric Trump, who serves as chief strategy officer, said the company is focused on increasing its Bitcoin-per-share ratio, a metric it considers central to shareholder value. “We believe one of the most important measures of success for a Bitcoin accumulation platform is how much Bitcoin backs each share,” he said.