Trump-Backed American Bitcoin Soars: Now Holds 4,004 BTC ($415M) as Institutional Demand Explodes
The Bitcoin bull just got heavier. American Bitcoin, the mining venture backed by former President Donald Trump, has aggressively expanded its treasury to 4,004 BTC—worth a staggering $415 million at current prices.
This move signals deepening institutional conviction in Bitcoin as a hedge against fiat debasement and political uncertainty. While gold bugs cling to their shiny rock, crypto-native investors are stacking digital scarcity.
With Trump's endorsement adding fuel to Bitcoin's mainstream adoption, the question isn't whether Wall Street will embrace crypto—it's how fast they'll FOMO in. Just don't expect the usual suspects to admit they were wrong about 'magic internet money' until after they've quietly accumulated their positions.
American Bitcoin Becomes 25th Largest BTC Holder
The expansion cements American Bitcoin’s position as the 25th largest Bitcoin-holding company, based on data from bitcointreasuries.net.
“We 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,” said Eric Trump, co-founder and Chief Strategy Officer of the firm.
American Bitcoin’s 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 brothers’ 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.
JUST IN:
Trump family's American Bitcoin just bought 139 Bitcoin worth $13.9 million
They now hold 4,004 Bitcoin worth $401.6 million pic.twitter.com/Piyskt0Mjj
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 Bitcoin’s 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 world’s 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 Family’s 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 family’s 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 Dhabi’s 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.
