American Bitcoin Adds BTC As Eric Trump Blasts Big Banks' Crypto Lobbying

"American Bitcoin, a bitcoin mining company backed by the Trump family, has expanded its corporate treasury to more than 6,500 bitcoin, placing the firm among the largest publicly traded holders of the digital asset as it continues to scale its mining operations. The company disclosed the updated holdings this week, with co-founder and chief strategy officer Eric Trump stating that the firm accumulated over 500 BTC during the past 21 days."

"Data from Bitcoin Treasuries shows the miner now ranks about 17th among public companies that hold BTC on their balance sheets. The firm sits behind companies including Galaxy Digital as the number of publicly traded companies adopting bitcoin treasury strategies continues to grow. American Bitcoin trades under the ticker ABTC and carries a market capitalization near $1.4 billion."

"The increase in holdings follows a series of infrastructure investments aimed at boosting the company's BTC production capacity. Earlier this week, American Bitcoin announced the purchase of 11,298 application-specific integrated circuit (ASIC) mining machines. The equipment is expected to add roughly 3.05 exahash per second of computing power to the company's operations."

American Bitcoin, backed by the Trump family, has grown its bitcoin treasury to exceed 6,500 BTC, valued near $470 million at current market prices. The company ranks approximately 17th among publicly traded companies holding bitcoin on their balance sheets. Co-founder Eric Trump reported the firm accumulated over 500 BTC within the past 21 days. American Bitcoin trades under ticker ABTC with a market capitalization near $1.4 billion, though shares remain down over 30% since the year's start despite recent gains. The company continues expanding mining capacity through infrastructure investments, including the purchase of 11,298 ASIC mining machines expected to add approximately 3.05 exahash per second of computing power.

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