Oh, look! Eric Trump’s bitcoin baby, American Bitcoin, just flexed its crypto muscles and stacked up 5,427 BTC. 🤑 Yep, they’re now the 19th-biggest bitcoin hoarder in the world. Because nothing says “I’m relevant” like a vault full of digital coins, right? 💼✨
ABTC Crashes the Top 20 Party Like It’s Hot 🔥 BTC
So, American Bitcoin Corp., a Hut 8 side hustle, decided to brag on X (formerly Twitter, because why not?) that their bitcoin stash is now bigger than your self-esteem after scrolling Instagram for too long. 📈 Based in Miami-because of course it is-this mining and hoarding crew now has over 5,000 BTC. Casual.
“We’ve got ~5,427 BTC and a ~105.0% yield since our Nasdaq debut,” they chirped on Monday. 🥳 Because nothing screams success like a press release that makes your eyes glaze over. Here’s the proof, in case you need a nap after reading it.
Apparently, ABTC is out here outpacing its peers like it’s Usain Bolt in a race against toddlers. 🏃♂️💨 Among 34 publicly traded mining firms, they’re third in gains, only behind Soluna Holdings and Argo Blockchain. Nasdaq’s darling, indeed. 💅
As of Monday, ABTC was up 13.33%-more than your productivity after three cups of coffee. ☕️ Over five days, it’s up 19%, but don’t get too excited; it’s still down 9% over 30 days. 🤷♀️ Oh, and they’re the 19th-largest bitcoin treasury firm, sitting pretty above KindlyMD but still trailing Next Technology Holdings. Because life’s a ladder, and someone’s always above you. 🪜
Next Technology Holdings has ~5,833 BTC, so ABTC needs just 407 more to overtake them. And Galaxy Digital? They’ve got 6,894 BTC, so ABTC needs 1,467 to catch up. Math is hard, but dreams are bigger. 🌟
For now, ABTC’s in that sweet spot: big enough to matter, small enough to keep hustling. With a growing treasury, outperforming shares, and a clear view of the next rung, they’re the crypto world’s version of a reality TV star-you can’t look away. 👀 Especially if they keep stacking those BTCs like they’re collecting Pokémon. Gotta catch ‘em all! 🎮
FAQ ❓
- How much bitcoin does American Bitcoin hold? ~5,427 BTC. Enough to make you wonder if you should’ve bought bitcoin in 2010. 🤦♂️
- Who backs American Bitcoin? Eric Trump. Yes, that Eric Trump. And Hut 8. Because why not? 🤷♀️
- Why did American Bitcoin’s stock go up? Investors love a good hoard. And premium mNAV. Fancy words for “it’s shiny and people like shiny things.” ✨
- What’s next for American Bitcoin? They need 407 more BTC to beat Next Technology Holdings. Easy peasy, right? 🍰
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2026-01-06 01:32