Trump-Backed American Bitcoin Buys $163M in BTC

Crypto treasury companies are back in the spotlight as American Bitcoin and Strategy both increased their Bitcoin holdings this ￰0￱ actions indicate that major corporations still see Bitcoin as a strategic asset, even while prices trade below all time ￰1￱ Buying Continues Despite Market Fluctuations American Bitcoin Corp. (ABTC), backed by Eric Trump and Donald Trump ￰2￱ that it purchased 1,414 BTC worth $163 ￰3￱ brings its total Bitcoin holdings to 3,865 BTC, valued at about $446 ￰4￱ Bitcoin purchased 1,414 BTC worth $163 million |) to make it easier for investors to measure their indirect exposure to ￰5￱ figure represents how many satoshis (or Bitcoin units) are tied to each share of company ￰6￱ Strengthens Its Long-Term Bitcoin Play While American Bitcoin is focused on mining, Michael Saylor’s Strategy continues to lead the charge for corporate Bitcoin ￰7￱ firm bought another 390 BTC this week for $43.4 million at an average price of $111,053 per ￰8￱ brings its total holdings to 640,808 BTC (which is now worth roughly $71 billion).

MicroStrategy bought another 390 Bitcoin this week |