American Bitcoin, backed by Eric Trump, has surpassed ProCap Financial to become the 21st largest corporate Bitcoin holder with 5,044 BTC worth approximately $443 million.
American Bitcoin, co-founded by Eric Trump and Donald Trump Jr., added 363 bitcoins to its holdings during a market dip, bringing its total to 4,367. The company remains committed to its long-term strategy despite a recent stock plunge.
The recent crypto market crash has severely impacted Trump-linked cryptocurrencies and companies, with the family’s investments losing over €100 million, while regular investors face even greater losses.