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Eric Trump's American Bitcoin holds 4783 BTC… Institutional investor interest increases
Source: DigitalToday Original Title: Eric Trump’s American Bitcoin Holds 4783 BTC…Institutional Investors Show Increased Interest Original Link:
Eric Trump, the younger son of U.S. President Donald Trump, is strengthening its presence in the Bitcoin market as American Bitcoin Corp.( led by him, holding 4783 BTC.
American Bitcoin recently added BTC worth $38 million, increasing its total holdings to 4783 BTC)approximately $440 million(.
As a result, American Bitcoin ranks 22nd among corporate holdings and has surpassed GameStop and Hive Digital Technologies. Co-founder Eric Trump stated, “We quickly increased our Bitcoin holdings within three months of going public and will continue our Bitcoin strategy to generate long-term value.”
Meanwhile, Stratie)Strive( also expanded its holdings by adding Bitcoin worth $1 billion, reaching 66,624 BTC)approximately $60.6 billion(. Strive announced plans to purchase an additional $500 million worth of Bitcoin, further increasing institutional investor interest.
Additionally, the ETF)Exchange-Traded Fund( market showed mixed results. While funds flowed into Fidelity and Grayscale, some major ETFs experienced outflows exceeding $135 million, indicating an acceleration of capital movement within the market.