ABTC's Bitcoin reserves have increased by approximately 623 BTC in the past 7 days, bringing the current holding to 4941 BTC.
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TL;DR
ABTC, a Trump-backed crypto mining firm, increased its Bitcoin reserves by 623 BTC in the past week, reaching 4,941 BTC valued at around $450 million, with 80 BTC from mining and 542 BTC from market acquisitions.
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BitcoinLayer 1Halving TokensABTCBitcoin reservescryptocurrency miningTrump familyon-chain analysis
According to Mars Finance, Emmett Gallic, the on-chain analyst who previously disclosed and analyzed the "1011 insider whale," published an article on the X platform revealing updated Bitcoin reserve data for American Bitcoin (ABTC), a publicly traded cryptocurrency mining company backed by the Trump family. ABTC has increased its holdings by approximately 623 BTC in the past 7 days, with about 80 BTC coming from mining revenue and 542 BTC from strategic acquisitions on the open market. As of now, its total Bitcoin holdings have increased to 4,941 BTC, with a current market value of approximately $450 million.