Trump-backed American Bitcoin increases its Bitcoin holdings to 5,044 BTC

Key Takeaways

• American Bitcoin Corp increased its Bitcoin holdings by 261 BTC to reach a total of 5,044 BTC.
• The company is now ranked 21st on the Bitcoin 100 list for largest holdings.

American Bitcoin Corp, a Bitcoin mining and accumulation company backed by Donald Trump Jr. and Eric Trump, acquired 261 BTC, bringing its total holdings to 5,044 BTC.

With Bitcoin trading at around $89,700 at press time, the stash is valued at over $450 million.

Following its recent acquisition, American Bitcoin is approaching the top 20 corporate holders of Bitcoin. It now sits at 21st on the Bitcoin 100 list, trailing Semler Scientific, which owns 5,048 BTC.

ABTC shares ticked up slightly in premarket trading on Monday, per Yahoo Finance . The stock has struggled in recent weeks, weighed down by the release of pre-merger private placement shares on the public market.

Over the last month, it has dropped approximately 64%.