đ MAROKO133 Breaking crypto: Trump-Backed American Bitcoin Expands Holdings to 4,0
American Bitcoin (ABTC), the Nasdaq-listed Bitcoin treasury and mining firm backed by Eric Trump and Donald Trump Jr., has grown its Bitcoin holdings to 4,004 BTC (valued at roughly $415 million), according to a company announcement released Friday.
Key Takeaways:
- American Bitcoin (ABTC), backed by Eric and Donald Trump Jr., has expanded its holdings to 4,004 BTC worth $415 million.
- The companyâs dual strategy of Bitcoin mining and at-market purchases drove a 2% rise in its share price.
- ABTC mirrors Strategyâs (formerly MicroStrategy) accumulation model but faces tighter margins.
Between October 24 and November 5, the company added 139 Bitcoins, worth over $14 million at current prices.
American Bitcoin Becomes 25th Largest BTC Holder
The expansion cements American Bitcoinâs position as the 25th largest Bitcoin-holding company, based on data from bitcointreasuries.net.
âWe continue to expand our Bitcoin holdings rapidly and cost-effectively through a dual strategy that integrates scaled Bitcoin mining operations with disciplined at-market purchases,â said Eric Trump, co-founder and Chief Strategy Officer of the firm.
American Bitcoinâs shares traded nearly 2% higher on Friday afternoon in New York after a volatile session that saw early declines.
The company went public in September following a series of mergers that consolidated its operations into one of the more high-profile corporate plays in the digital asset space.
The firm emerged earlier this year from a merger between the Trump brothersâ private business entity and Hut 8, a Canada-based Bitcoin miner, followed by a stock-for-stock merger with Gryphon Digital Mining, which was already publicly traded.
At press time, Bitcoin (BTC) was trading near $103,369, up about 3% in 24 hours amid a mild rebound across broader crypto markets.
However, Bitcoin remains roughly 18% below its all-time high of $126,000 reached in early October.
American Bitcoinâs approach mirrors that of Strategy (formerly MicroStrategy), the Nasdaq-listed software firm that pivoted into Bitcoin accumulation in 2020.
Strategy now holds over 641,000 BTC (worth around $66 billion), making it the worldâs largest corporate Bitcoin holder.
Like other miners, American Bitcoin faces an increasingly tough environment. Following the 2024 Bitcoin halving, block rewards dropped from 6.25 to 3.125 BTC, tightening margins across the industry.
In response, some miners have turned to AI-focused computing as a secondary revenue source.
Trump Familyâs Crypto Ventures Net $1B in Pre-Tax Gains
The Trump family has reportedly generated around $1 billion in pre-tax gains over the past year through a wide network of cryptocurrency ventures, according to an investigation by the Financial Times.
Their portfolio spans memecoins, stablecoins, DeFi projects, and digital collectibles, including the TRUMP and MELANIA tokens, which together brought in roughly $427 million, and the WLFI token, which added another $550 million.
The familyâs USD1 stablecoin, backed one-to-one by U.S. Treasuries, has attracted $2.71 billion in reserves and fees, further cementing their growing footprint in the digital asset sector.
The investigation also detailed how global investors have poured billions into what some are calling the Trump crypto empire.
Chinese entrepreneur Justin Sun reportedly invested $75 million in WLFI, while Abu Dhabiâs MGX fund provided $2 billion to Binance using the USD1 stablecoin.
Meanwhile, Trump Media & Technology Group (TMTG), once operating at a loss, has reemerged as a $3 billion cash generator, largely fueled by new token and wallet offerings, over half of which are owned by Donald Trump himself.
The post Trump-Backed American Bitcoin Expands Holdings to 4,004 BTC Worth $415M appeared first on Cryptonews.
đ Sumber: cryptonews.com
đ MAROKO133 Hot crypto: Bitcoin Treasuries Face Capital Shock as Falling Prices Er
Crypto-focused treasury companies are facing renewed strain as the latest market downturn erodes asset values and erases equity cushions that once appeared durable.
In a November 7 post on X, crypto analysis platform CryptoQuant reported that falling token prices have narrowed financial buffers across the sector. That contraction has weakened company valuations, pushing several treasuries to adopt defensive balance-sheet moves in an effort to reassure shareholders.
Bitcoin Treasuries Lean Into Caution as Losses Deepen
According to the report, Bitcoin-heavy firms are absorbing the sharpest losses. BTC has fallen more than 16% this month and briefly slipped under the $100,000 mark, and that pressure has rippled directly into corporate portfolios.
For context, Strategy, the largest corporate holder of Bitcoin with more than 675,000 BTC, has seen its purchases slow sharply in recent months. The company has shifted from buying thousands of coins to only a few hundred.
Market analysts say the softer buying pace reflects the combined weight of Bitcoin’s slide and Strategy’s weaker equity performance.
As a result, the shift has coincided with a reversal in its MSTR stock price, which has dropped roughly 53% from its all-time high to about $241.93.
At the same time, Metaplanet, listed on the Tokyo Stock Exchange, finds itself in a similar position.
The company holds 30,823 BTC at an average cost basis of $106,000, leaving it with more than $120 million in unrealized losses at current prices
As a result, its stock has dropped by more than 80% from its peak, compressing market net asset value and prompting a share buyback program designed to restore confidence.
Altcoin Treasuries Absorb Steep Markdowns
Altcoin-focused treasury companies are also feeling the pressure, as the broader market downturn drives steep markdowns across their portfolios.
Their positions have weakened alongside sector-wide declines, adding another layer of strain to an already stressed treasury landscape.
Evernorth, the largest corporate holder of XRP, began accumulating the token in mid-October. However, its 388.7 million XRP tokens are now in an unrealized loss of approximately $79 million.
On the other hand, BitMine, the largest Ethereum treasury with more than 3.4 million ETH, is facing even deeper losses.
Ethereum’s recent decline of over 22% in the past month has pushed the company’s unrealized deficit to roughly $2.1 billion.
Analysts say the scale of these drawdowns underscores a recurring structural risk where companies that build positions during periods of strength often experience the fastest erosion of capital when sentiment reverses.
This is in congruence with previous warnings that digital-asset accumulation carries risks that not every firm can absorb.
Considering this, firms now face a sharper test of resilience as they work to maintain long-term conviction in digital assets while absorbing near-term financial pressure. That tension is likely to shape treasury decisions well into next year.
The post Bitcoin Treasuries Face Capital Shock as Falling Prices Erase Gains appeared first on BeInCrypto.
đ Sumber: www.beincrypto.com
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