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
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