Source: CryptoNewsNet
Original Title: Trump-backed American Bitcoin increases its Bitcoin holdings to 5,044 BTC
Original Link:
Overview
American Bitcoin Corp, a Bitcoin mining and accumulation company, has increased its Bitcoin holdings by 261 BTC, bringing its total holdings to 5,044 BTC.
Key Highlights
The company acquired an additional 261 BTC in its latest purchase
Total Bitcoin holdings now stand at 5,044 BTC
With Bitcoin trading at around $89,700, the holdings are valued at over $450 million
The company is now ranked 21st on the Bitcoin 100 list for largest corporate Bitcoin holdings
Market Position
Following this acquisition, American Bitcoin is approaching the top 20 corporate holders of Bitcoin. It currently trails Semler Scientific, which owns 5,048 BTC, by just 4 BTC.
Stock Performance
ABTC shares ticked up slightly in premarket trading following the announcement. However, the stock has faced headwinds in recent weeks, declining approximately 64% over the last month, weighed down by the release of pre-merger private placement shares on the public market.
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Trump-backed American Bitcoin increases its Bitcoin holdings to 5,044 BTC
Source: CryptoNewsNet Original Title: Trump-backed American Bitcoin increases its Bitcoin holdings to 5,044 BTC Original Link:
Overview
American Bitcoin Corp, a Bitcoin mining and accumulation company, has increased its Bitcoin holdings by 261 BTC, bringing its total holdings to 5,044 BTC.
Key Highlights
Market Position
Following this acquisition, American Bitcoin is approaching the top 20 corporate holders of Bitcoin. It currently trails Semler Scientific, which owns 5,048 BTC, by just 4 BTC.
Stock Performance
ABTC shares ticked up slightly in premarket trading following the announcement. However, the stock has faced headwinds in recent weeks, declining approximately 64% over the last month, weighed down by the release of pre-merger private placement shares on the public market.