American Bitcoin Corp (ABTC), a Bitcoin-focused firm backed by Eric Trump and Donald Trump Jr., has purchased an additional 363 BTC, according to a Thursday statement.
The company continues its strategic accumulation of the digital asset, now holding 4,367 BTC worth around $405 million at current market prices.
American Bitcoin recently experienced nearly a 40% drop in stock value as a lock-up period ended, allowing early investors to sell their shares. Despite the market reaction, company fundamentals are reportedly strong, according to Eric Trump, who remains invested in the firm.
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