American Bitcoin: "Holdings surpass 7,000 BTC"…Triples after Nasdaq listing

Source
Minseung Kang

Summary

  • American Bitcoin said via X that its bitcoin holdings have now surpassed 7,000 BTC.
  • It explained that since its Nasdaq listing, its bitcoin holdings have increased by about threefold, and bitcoin holdings per share have also risen by more than twofold.
  • It added that American Bitcoin has climbed to around 16th globally among listed companies by bitcoin holdings.

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Photo = Shutterstock
Photo = Shutterstock

U.S. bitcoin (BTC) mining company American Bitcoin is continuing to build up its bitcoin holdings.

On the 30th, American Bitcoin said via X (formerly Twitter) that its bitcoin holdings have now surpassed 7,000 BTC. The company explained that its bitcoin holdings have increased by about threefold since its Nasdaq listing, and that bitcoin holdings per share (in satoshis) have also more than doubled.

It added that "American Bitcoin has now risen to around 16th globally among listed companies by bitcoin holdings."

Meanwhile, American Bitcoin listed in September last year. Donald Trump Jr. and Eric Trump, the eldest and second sons of U.S. President Donald Trump, hold a 20% stake in the company.

Minseung Kang

Minseung Kang

minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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