American Bitcoin Corp. Buys 1,414 BTC Amid Scrutiny

American Bitcoin Corp., the Nasdaq‑listed bitcoin mining and treasury vehicle co‑founded by Eric Trump and Donald Trump Jr., said it acquired 1,414 BTC, bringing total holdings to 3,865 BTC. Reports place the purchase value between roughly $97.6 million and $163 million, and one report said the buy was funded by operating cash flow; the company also says a meaningful portion of the coins was produced in‑house, which executives say lowers its average cost per coin. ABTC introduced a Satoshis Per Share transparency metric as it pushes toward a 4,000 BTC milestone and said its stock moved higher after the announcement. The firm was formed through recent mergers that included assets tied to Hut 8 and Gryphon Digital and now ranks among the larger public bitcoin treasuries. The Trump‑family ties have drawn political scrutiny, including reports of a proposed congressional resolution, and the purchase coincided with a rally in the TRUMP memecoin amid broader bitcoin‑market volatility.