Bitcoin News Today: Trump-Linked Bitcoin Play: Growth or Speculative Risk?

Bitcoin Bulls Shift Gears As Trump-Linked Treasury Firm Scoops 1,414 BTC

Miami-based American Bitcoin Corp. (Nasdaq: ABTC), a Bitcoin accumulation platform backed by Donald Trump's sons Eric and Donald Trump Jr., has acquired 1,414 Bitcoin in a move that has bolstered its holdings to 3,865 BTC, valued at approximately $446 million as of October 24, 2025, according to a PR Newswire release. The acquisition, which includes both strategic purchases and mining rewards, has positioned the firm as a key player in the growing institutional appetite for Bitcoin, even as broader market volatility persists.

The firm, which merged with Canadian miner Gryphon Digital Mining earlier this year, has adopted a dual strategy of mining and direct Bitcoin purchases to reduce its average cost per coin. "By producing Bitcoin directly, we can drive a cost advantage over vehicles that buy exclusively on the open market," said Asher Genoot, executive chairman of American Bitcoin, emphasizing the structural edge provided by its integrated mining operations, the PR Newswire release said. The company now calculates and publishes a "Satoshis Per Share" (SPS) metric—derived by multiplying total Bitcoin holdings by the Satoshi conversion rate (100 million Satoshis per BTC) and dividing by outstanding shares—to provide transparency into shareholder value, the release added.

The latest purchase pushed SPS to 418, a 52% increase since September 1, 2025, the PR Newswire release said. Eric Trump, co-founder and chief strategy officer, called the metric a critical indicator of success for Bitcoin accumulation platforms, stating, "The amount of Bitcoin backing each share is one of the most important measures of our progress." The firm's stock (ABTC) surged 11.5% to $6.26 following the announcement, though it later retraced to $5.57 as broader crypto markets fluctuated, according to a Morningstar article.

American Bitcoin's aggressive accumulation strategy mirrors that of industry giants like MicroStrategy, which has spent over $73 billion to amass 640,808 BTC, according to a Yahoo Finance article. However, analysts have raised questions about the sustainability of such strategies if Bitcoin's price dips below acquisition costs. Despite these concerns, the firm's market cap of $5.29 billion—nearly 12 times its current Bitcoin holdings—suggests ample room for further growth, a Crypto.news report noted.

The company's Trump ties have drawn both attention and scrutiny. While the political connection has fueled short-term enthusiasm, some investors remain wary of its long-term viability. "The valuation gives us opportunity, but it's dependent on future performance," one analyst noted, as reported by Crypto.news. Meanwhile, the firm's stock has traded within a volatile range, reflecting broader crypto market dynamics and macroeconomic uncertainties, a Yahoo Finance article observed.

As Bitcoin bulls shift strategies amid a competitive treasury landscape, American Bitcoin's approach—combining mining efficiency with strategic purchases—positions it as a case study in institutional Bitcoin accumulation. With over 200 public and private Bitcoin treasury firms now active, the race to secure digital assets continues to reshape the crypto ecosystem, the Yahoo Finance piece added.