American Bitcoin Corp increased its Bitcoin holdings by 261 BTC, taking total reserves to 5,044 BTC. The latest purchase comes as Bitcoin traded near $89,700 at press time, valuing the company’s stash at more than $450 million. The Trump-backed mining and accumulation firm now ranks 21st on the Bitcoin 100 list of corporate holders. It sits just behind Semler Scientific, which holds 5,048 BTC, placing American Bitcoin within striking distance of the top 20. Trump Family’s Bitcoin Venture Climbs Corporat ...

Shares of Eric Trump's American Bitcoin (ABTC), formed through a merger with an existing bitcoin miner, plummeted as much as 50% in early trading on Tuesday and finished the session down 39%. American Bitcoin on Tuesday closed at its lowest price since Trump's involvement was announced in May and finished Wednesday about 75% of below its September closingb high. Meanwhile, a widespread crypto rally pushed Bitcoin back above $93,000 and lifted shares of miners and Bitcoin treasury companies like Strategy (MS ...

Core Insights - Donald Trump Jr. dismissed concerns regarding potential conflicts of interest related to World Liberty Financial, asserting that such worries are unfounded [1] - The company emphasizes its non-political nature while maintaining connections to the Trump administration as it seeks global deals and expands into new financial products [2] Company Overview - World Liberty Financial launched its USD 1 stablecoin in March 2025, six months after its establishment in September 2024 [2] - The stablecoin is backed by short-term U.S. government treasuries and features a governance token called WLFI [3] Financial Performance - The Trump family's crypto portfolio has surpassed $1.2 billion across various ventures [3] - As of June, President Trump holds 15.75 billion WLFI tokens, equating to 15.75% control of the project, with personal income from World Liberty Financial reported at $57.4 million over the past year [4] Related Ventures - The Trump family's crypto activities include American Bitcoin, co-founded by Eric Trump and supported by Donald Trump Jr., which saw a 110% increase at its September debut, briefly valuing their stake at $2.6 billion [5] - American Bitcoin operates around 6,000 mining computers and has initiated a $2.1 billion controlled stock offering to enhance its Bitcoin acquisition and mining technology [6]

Core Viewpoint - Hyperscale Data, Inc. will accept the $TRUMP meme coin as a payment method on Bitnile.com starting June 15, 2025, enhancing the utility of the coin in social gaming [1][3]. Group 1: Payment Method and Promotions - The $TRUMP meme coin will be used to purchase the Nile Package, which includes virtual in-game currency (Nile tokens) for social casino games on Bitnile.com [2]. - A promotional offer will provide three times the number of Tokens and Coins for purchases made with $TRUMP during the first month of acceptance [3]. - For example, a $20 package will provide 150,000 Tokens and 63 Coins instead of the usual 50,000 Tokens and 21 Coins [3]. Group 2: Market Potential and User Engagement - The company believes there is a significant market for the $TRUMP holders, with over 750,000 wallets currently holding the coin, indicating potential engagement in social gaming [3]. - The promotion aims to enhance user experience by providing more opportunities to win cryptocurrency and prizes [4]. Group 3: Future Developments - BitNile.com is evaluating additional cryptocurrencies for future payment options, with announcements expected in the coming months [4].