American Bitcoin, a mining and treasury firm associated with the Trump family, has increased its Bitcoin holdings by 1,414 BTC, totaling 3,865 BTC worth around $445 million.

According to an announcement made on Monday, the acquisition of Bitcoin cost approximately $163 million. Eric Trump, who is the Chief Strategy Officer of the company, commented that their priority is to enhance the Bitcoin-per-share ratio, a vital metric reflecting shareholder value. “We believe one of the most important measures of success for a Bitcoin accumulation platform is how much Bitcoin backs each share,” he stated.

American Bitcoin’s Bitcoin holdings charts. Source: American Bitcoin

The company’s recent surge follows its listing on the Nasdaq exchange in early September, which saw its trading halted multiple times due to heightened volatility. This followed a merger with Gryphon Digital Mining, securing a public trading position.

President Trump’s stance on digital assets has sparked scrutiny, particularly after his pardon of Binance’s founder, which many critics, including Representative Maxine Waters, have denounced as reflective of his presidency’s corruption.

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