American Bitcoin's Bitcoin reserves have increased by approximately 623 BTC in the past 7 days, bringing its current holdings to 4941 BTC.
Emmett Gallic, a blockchain analyst who previously disclosed and analyzed the "1011 insider whale," posted on the X platform revealing updated data on the Bitcoin reserves of American Bitcoin, a crypto mining company supported by the Trump family. In the past seven days, they increased their holdings by about 623 BTC, of which approximately 80 BTC came from mining income and 542 BTC from strategic acquisitions in the open market. Currently, their total Bitcoin holdings have risen to 4,941 BTC, with a current market value of about 450 million USD.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
In July, Trump Disclosed Over 1,000 Securities Transactions: Sold Microsoft and Amazon, with Single Transaction Up to $25 Million
The total trading volume of the account under Trump's name in July ranged from $79 million to $270 million. On July 20th, the account sold Microsoft and Amazon, with each transaction amounting to between $5 million and $25 million, making them the largest trades of the month. The account also sold Oracle and purchased Intuit, Salesforce, Marvell, and Nvidia. On the same day, the account sold shares of defense giant Northrop Grumman, while Trump signed an executive order tightening supply chain requirements for defense contractors.
A Bold Claim from an Experienced CEO: “The Fed’s Interest Rate Hike Will Benefit Bitcoin”
Ripple’s XRP gains traction as banks accelerate On-Demand Liquidity adoption
Barrick, Equinox among TD Cowen’s best stock picks
Crypto prices
More
