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- American Bitcoin’s chief Strategy Officer, Eric Trump, emphasized that the company’s strategy centers on increasing its Bitcoin-per-share ratio to boost shareholder value.
- President Donald Trump’s expanding involvement in digital assets, as the Trump family’s crypto-related wealth may now exceed $1 billion.
American Bitcoin, the Bitcoin mining and treasury firm founded by Donald Trump Jr. and Eric Trump, added another 1,414 BTC to its holdings, bringing its holdings to $163 million. As a result, the company’s total BTC holdings have surged to 3,865 BTC, worth a massive $445 million.
Last month, in September, American Bitcoin got listed on the Nasdaq platform and is currently trading under the ticker of ABTC, as reported by CNF.
American Bitcoin Aims to Improve Its BTC-per-Share Ratio
Speaking on the latest 1414 BTC purchase, Eric Trump, chief strategy officer of the company, stated that the firm’s primary focus is on increasing its Bitcoin-per-share ratio, which he described as a key measure of shareholder value.
“We believe one of the most important indicators of success for a Bitcoin accumulation platform is how much Bitcoin backs each share,” Trump said. The company was launched in March following a strategic deal in which Bitcoin mining firm Hut 8 acquired a majority stake in exchange for its mining hardware assets.
The announcement came shortly after American Bitcoin made its Nasdaq debut in early September, closing its first trading day up more than 16% despite multiple volatility halts. Trading in the stock was paused five times during the session, as prices surged up to 85% intraday before paring gains.
The listing followed a late-August merger with Gryphon Digital Mining, a publicly traded Bitcoin miner headquartered in Las Vegas. Shareholders approved the stock-for-stock merger, leading the combined entity to trade under the ticker “ABTC” while retaining the American Bitcoin name.
Notably, Gryphon’s shares had soared 230% ahead of the merger, reflecting strong speculative interest before the deal’s completion. As reported by CNF, the Trump-backed crypto miner reached $7 billion valuation in no time.
Trump Family and Their Crypto Moves
President Trump’s growing involvement in digital assets, both as a policymaker and private investor, has drawn heightened scrutiny from lawmakers. His recent pardon of Binance founder Changpeng “CZ” Zhao, who had pleaded guilty to violating U.S. Anti-Money Laundering laws, has renewed allegations of corruption and conflicts of interest within his administration.
The controversy follows recent analyses showing that Trump’s second term has coincided with a sharp rise in his personal wealth. Members of the Trump family have publicly acknowledged their expanding fortunes, with Eric Trump recently stating that the family’s earnings from digital asset ventures may exceed the previously reported $1 billion.
