Trump’s Bitcoin Bet Grows: American Bitcoin Now Holds Over 4,000 BTC

Source Newsbtc

American Bitcoin, the Nasdaq-listed mining and treasury firm backed by Eric Trump and Donald Trump Jr., has raised its Bitcoin stash to 4,000 BTC, worth about $415 million, according to a company announcement released Friday.

The firm purchased nearly 170 BTC between October 24 and November 5, a haul valued at more than $14 million at current market rates.

American Bitcoin Boosts Holdings

Eric Trump, listed as co-founder and Chief Strategy Officer, said the company is growing its stock of Bitcoin through a mix of scaled mining operations and market purchases.

Reports have disclosed that this size of accumulation puts American Bitcoin at about the 25th spot among corporate Bitcoin holders, based on data from Bitcointreasuries.net.

The Michael Saylor-led Strategy (formerly MicroStrategy) remains far ahead as the largest corporate holder with more than 641,000 BTC on its books, worth around $66 billion.

Trump-Linked Ventures Report Large Crypto Gains

Based on reports, members of the Trump family have collected roughly $1 billion in pre-tax gains over the last year from a range of crypto projects.

Those projects include memecoins such as TRUMP and MELANIA, which together reportedly brought in about $427 million, plus the WLFI token with about $550 million in gains.

Reports also point to big outside backers. Chinese entrepreneur Justin Sun is reported to have invested $75 million in WLFI, while Abu Dhabi’s MGX fund is said to have provided $2 billion to Binance using the USD1 stablecoin. The family’s various ventures have pushed their combined crypto exposure into the multi-billion dollar range.

Mining Margins Squeeze Firms After Halving

Miners across the sector are feeling pressure after the 2024 Bitcoin halving cut block rewards from 6.25 BTC to 3.125 BTC.

That change tightened profit margins, forcing some operators to seek new revenue streams, including AI-focused computing services.

American Bitcoin’s model ties mining and treasury accumulation together, but the economics for smaller miners are getting tougher.

Trump Media’s Holdings And The Broader Picture

Regulatory filings show that Trump Media and Technology Group now holds more than 11,500 BTC, worth over $1.3 billion, even as the company records heavy operating losses.

The concentration of Bitcoin across several Trump-linked businesses points to a deliberate strategy: treat Bitcoin as a reserve asset and a core part of several commercial efforts.

Bitcoin was trading at $102,175 at press time, up a meager 0.3% over 24 hours. That price sits about 15% below the all-time high of $126,000 reached in early October.

Featured image from Unsplash, chart from TradingView

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Samsung Electronics Forecasts Stronger-Than-Expected Q3 Profit on AI Demand Samsung forecasts Q3 profit of 12.1 trillion won, boosted by strong AI chip demand.
Author  Mitrade
Oct 14, Tue
Samsung forecasts Q3 profit of 12.1 trillion won, boosted by strong AI chip demand.
placeholder
Dollar Gains as US-China Trade Tensions Ease The U.S. dollar remained steady on Tuesday following a shift in President Donald Trump’s harsh stance on tariffs against China.
Author  Mitrade
Oct 14, Tue
The U.S. dollar remained steady on Tuesday following a shift in President Donald Trump’s harsh stance on tariffs against China.
placeholder
Asian Stocks Mixed as Commodities Pause and Yen Draws AttentionAsian equity markets struggled to close the week on a weak note Friday, influenced by ongoing losses on Wall Street that extended into early Asian trading.
Author  Mitrade
Oct 10, Fri
Asian equity markets struggled to close the week on a weak note Friday, influenced by ongoing losses on Wall Street that extended into early Asian trading.
placeholder
Oil Prices Hold Steady Amid Gaza Ceasefire and US Sanctions Oil prices held steady in early Asian trading on Friday following the announcement of a ceasefire between Israel and Hamas.
Author  Mitrade
Oct 10, Fri
Oil prices held steady in early Asian trading on Friday following the announcement of a ceasefire between Israel and Hamas.
placeholder
Bitcoin drops below $110K ahead of $22B options expiry; altcoins tumbleBitcoin fell below the $110,000 mark on Friday, heading for a steep weekly loss as nearly $22 billion in cryptocurrency options were set to expire. The drop also comes as traders await key U.S. inflation data that could influence the Federal Reserve’s policy outlook.
Author  Mitrade
Sept 26, Fri
Bitcoin fell below the $110,000 mark on Friday, heading for a steep weekly loss as nearly $22 billion in cryptocurrency options were set to expire. The drop also comes as traders await key U.S. inflation data that could influence the Federal Reserve’s policy outlook.
goTop
quote