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
USD/CAD Price Forecast: Eyes fresh six-month highs near 1.4150 within overbought zoneThe technical analysis of the daily chart indicates a prevailing bullish bias, with the pair remaining within the ascending channel pattern.
Author  FXStreet
Nov 07, Fri
The technical analysis of the daily chart indicates a prevailing bullish bias, with the pair remaining within the ascending channel pattern.
placeholder
Dow Jones futures gain amid easing US-China tensions, Michigan Consumer Sentiment awaitedDow Jones futures advance 0.20% to trade above 47,100 during European hours ahead of the opening of the United States (US) regular session on Friday.
Author  FXStreet
Nov 07, Fri
Dow Jones futures advance 0.20% to trade above 47,100 during European hours ahead of the opening of the United States (US) regular session on Friday.
placeholder
Gold draws support from safe-haven flows and Fed rate cut betsGold catches fresh bids on the last day of the week amid reviving safe-haven demand.
Author  FXStreet
Nov 07, Fri
Gold catches fresh bids on the last day of the week amid reviving safe-haven demand.
placeholder
WTI Price Forecast: Trades with modest gains below $60.00; not out of the woods yetFrom a technical perspective, the black liquid has been trending lower along a downward-sloping channel since late October.
Author  FXStreet
Nov 07, Fri
From a technical perspective, the black liquid has been trending lower along a downward-sloping channel since late October.
placeholder
GBP/USD edges lower to near 1.3100 on potential for further BoE rate cutsThe pair depreciates as the Pound Sterling (GBP) weakens following the Bank of England’s (BoE) dovish hold in November.
Author  FXStreet
Nov 07, Fri
The pair depreciates as the Pound Sterling (GBP) weakens following the Bank of England’s (BoE) dovish hold in November.
goTop
quote