Trump-Backed American Bitcoin Jumps After $163M $BTC Buy – Could Altcoins Be ...
What to Know: Trump-backed American Bitcoin ($ABTC) surged 11% after adding 1,414 $BTC ($163M) to its treasury, bringing total holdings to roughly 3,865 $BTC worth $446M. The company, backed by Donald Trump Jr. and Eric Trump, uses a novel Satoshis per Share (SPS) metric to show investors exactly how much $BTC backs each share. Among the best altcoins to watch in this rotation are Bitcoin Hyper ($HYPER), a Bitcoin Layer-2; PepeNode ($PEPENODE), a mine-to-earn meme project; and World Liberty Financial ($WLFI), the Trump-themed DeFi ecosystem. The Trump family has made another bold move in....
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American Bitcoin, the Trump family-backed mining venture, is rapidly emerging as a significant player in the Bitcoin ecosystem, now holding approximately $450 million in BTC. With a treasury of 6,899 BTC, the company has climbed to become the 16th largest Bitcoin-holding corporate entity globally, surpassing several established industry participants and signaling an aggressive accumulation strategy. […]
Hut 8, a publicly traded Bitcoin (BTC) mining company with a market capitalization of approximately $1.2 billion, announced on Monday a strategic partnership with Eric Trump and Donald Trump Jr. to establish a new mining subsidiary named American Bitcoin. Hut 8 And Trump Sons Unite To Form American Bitcoin According to the press release, Hut […]
South Korea’s cryptocurrency market just marked one of the most high-profile partnerships of 2025 with a Trump backed project. Bithumb, the country’s second-largest crypto exchange, has signed a strategic memorandum of understanding (MOU) with World Liberty Financial (WLFI), the crypto venture backed by the Trump family. The deal seeks to boost stablecoin adoption, create new […]
American Bitcoin, partially owned by Eric Trump and Donald Trump Jr, targets a September public debut on the Nasdaq, according to Hut 8 CEO, Asher Genoot. The announcement came from an interview with Reuters during the Bitcoin Asia conference in Hong Kong, with Genoot stating that Hut 8, Eric, and his brother Donald will own 98% of the entity. The new company will retain the name of American Bitcoin and trade with the ticker ABTC. According to Genoot, the Trump brothers found it more advantageous to create and list the company, rather than go for a public IPO, which would give it access to....
Eric Trump, co-founder and Chief Strategy Officer of American Bitcoin, has laid out an aggressive Bitcoin accumulation framework that positions the Trump-backed company as a direct challenger to Strategy — Michael Saylor’s industry-defining Bitcoin treasury firm — through a combination of in-house mining, disciplined treasury retention, and what ABTC describes as a “mining to treasury” […]