Trump-linked Bitcoin Firm Buys Over $163 Million Worth of BTC, Expanding Holdings to $445 Million

American Bitcoin, a mining and treasury firm co-founded by Donald Trump Jr. and Eric Trump, has made a significant investment in Bitcoin, acquiring over 1,400 BTC worth approximately $163 million. This brings the company’s total holdings to 3,865 BTC, valued at just under $445 million. Eric Trump, chief strategy officer for American Bitcoin, emphasized the importance of increasing Bitcoin per share ratio as a key metric for shareholder value. The firm’s move follows its recent public listing on Nasdaq in early September, with the company’s stock surging over 16%. However, trading was halted several times due to price volatility during the day.