📣 Trump's Bitcoin Mining Company Just Bought Another $163 Million in BTC.

[{"type":"paragraph","children":[{"text":"Recently, American Bitcoin – a digital asset mining and management company co-founded by Eric Trump and Donald Trump Jr. – announced the purchase of an additional 1,414 Bitcoins worth approximately $163 million."}]},{"type":"paragraph","children":[{"text":"With this deal, the total amount of Bitcoin that American Bitcoin is holding has increased to 3,865 BTC, equivalent to 445 million USD at current market price (about 114,802 USD/ BTC)."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"text":"Eric Trump, the company’s Chief Strategy Officer, said their goal is to increase the amount of Bitcoin per share – a key indicator of a company’s true value to shareholders. "},{"text":"“We believe the most important measure of the success of a Bitcoin accumulation platform is the amount of Bitcoin that is actually backed by each share,”","italic":true},{"text":" he stressed."}]},{"type":"list-item","children":[{"text":"American Bitcoin launched in March 2025, after cryptocurrency mining company Hut 8 transferred most of its Bitcoin mining equipment in exchange for a controlling stake. After just a few months of operation, the company went public on the Nasdaq in early September under the ticker symbol “ABTC.”"}]},{"type":"list-item","children":[{"text":"On its first day of trading, American Bitcoin shares rose more than 16%, despite trading being halted five times due to wild price swings, at one point surging as much as 85% during the session."}]},{"type":"list-item","children":[{"text":"Prior to the listing, American Bitcoin completed a merger with Gryphon Digital Mining, a Las Vegas-based Bitcoin mining company. Shareholders of both parties approved the stock-for-stock merger, thereby solidifying American Bitcoin’s position as an ambitious “new player” in the digital asset mining market."}]},{"type":"list-item","children":[{"text":"Gryphon shares surged more than 230% during the merger preparations – a sign of high investor expectations for the American Bitcoin brand."}]}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"text":"The development of American Bitcoin comes as President Donald Trump has taken an increasingly friendly stance towards digital assets. He is not only a Bitcoin supporter but also directly involved in investing and issuing policies aimed at “making the United States a global center for cryptocurrency mining and trading.”"}]},{"type":"list-item","children":[{"text":"However, some of his recent decisions have sparked fierce controversy in Washington, notably the pardon of Changpeng “CZ” Zhao, the founder of Binance, who was convicted of violating US anti-money laundering laws."}]},{"type":"list-item","children":[{"text":"The move has drawn sharp criticism from many Democratic lawmakers. Maxine Waters described it as “shocking but not surprising,” saying that President Trump is “giving preferential treatment to cryptocurrency criminals.”"}]}]},{"type":"paragraph","children":[{"text":"However, observers say Trump's decision is part of a strategy to encourage the development of the domestic blockchain industry, while attracting foreign Capital in the renewable energy sector for Bitcoin mining - a field he mentioned during his election campaign."}]},{"type":"paragraph","children":[{"text":"\n"},{"type":"topic","character":"cryptocurrency","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"blockchain","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"Jucom","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"Bitcoin","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"BitcoinMining","children":[{"text":""}]},{"text":" "}]}]