Trump-backed American Bitcoin has increased its Bitcoin reserves to more than 6,000 BTC, now worth around $425.82 million. Arkham Intelligence’s blockchain data shows that the corporation now has 6,049 BTC after gaining 196 BTC in the last 18 days. Following lower-than-expected U.S. inflation numbers, Bitcoin surged back above $70,000, sparking the steady buying.
Recent transfers from Foundry Digital show consistent inflows, including transactions of around 10 BTC over multiple days. These additions have strengthened the company’s position, placing it among the top 20 public Bitcoin holders globally, alongside firms such as Nakamoto Inc., ProCap, and GameStop.
The company is also expanding its mining operations through Hut 8. CEO Asher Genoot said the facility mines between 8 and 10 BTC daily and highlighted Bitcoin’s fixed 21 million supply.
Meanwhile, ABTC stock saw a small after-hours gain to $1.14, though it remains down for the year. The broader crypto market also rose slightly, reaching a total value of $2.41 trillion.
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