Donald Trump's Company Added 1,414 More Bitcoins

American Bitcoin, founded by Donald Trump Jr. and Eric Trump, has recently drawn attention with a significant purchase. The company added 1,414 Bitcoin to its reserves, increasing its total assets to 3,865 Bitcoin. With this addition, American Bitcoin's total asset value has reached 450 million dollars. Trading on Nasdaq, American Bitcoin announced that with this new purchase, it has entered the ranks of the world's top 25 public holders of Bitcoin.

The current assets of American Bitcoin are composed of both mining activities and direct purchases from the market. It is reported that the company used some of its assets as collateral in a miner acquisition agreement with Bitmain. Aiming to provide greater transparency to investors, American Bitcoin plans to introduce a new metric called "Satoshis per Share," which will show the ratio of total held Bitcoin to company shares. This metric will clearly demonstrate how much Bitcoin supports each share.

Eric Trump, co-founder of American Bitcoin, emphasized the company's growth objectives in a post on his X account, stating, "We're just warming up." Asher Genoot, the CEO of American Bitcoin, noted that the company operates with both mining and direct purchase strategies, emphasizing that this has lowered their average Bitcoin cost compared to competitors. The shares of American Bitcoin, which began trading on Nasdaq in September, rose approximately %12 on Monday to 6.28 dollars. However, this price is still below the opening level of around 8 dollars at the beginning of September.