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American Bitcoin, founded by Eric Trump and Donald Trump Jr., has acquired 363 Bitcoins during a market downturn, bringing its total holdings to 4,367 BTC. The company purchased the Bitcoins at a price as low as $82,000, demonstrating its confidence in the cryptocurrency market. Despite a 38% drop in shares due to a private placement lock, American Bitcoin's financial results show a 450% increase in revenue and a net profit of $3.5 million. The company aims to profit from both mining operations and long-term storage strategies.
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