American Bitcoin holds 6,000 Bitcoin (BTC)…worth about $400 million

Source
JH Kim

Summary

  • American Bitcoin (ABTC) is reported to hold 6,000 bitcoin (BTC).
  • The 6,000 BTC stake is said to be worth about $400 million.
  • American Bitcoin is focused on the bitcoin mining business and has attracted market attention due to the participation of the Trump family.

American Bitcoin (ABTC), a bitcoin mining company jointly backed by US President Donald Trump’s eldest son Donald Trump Jr. and second son Eric Trump, is reported to hold 6,000 bitcoin (BTC).

On the 17th (local time), Watcher.Guru said via X (formerly Twitter) that American Bitcoin’s current holdings are around 6,000 BTC. That is worth about $400 million.

American Bitcoin is a company centered on bitcoin mining, and has drawn market attention due to the involvement of the Trump family.

However, details such as the timing of purchases and the average purchase price were not disclosed.

Photo = Shutterstock
Photo = Shutterstock
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JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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