Miners Backed by Trump Reveal Bitcoin Holdings — Is This Bullish for Trump Coin?
Miners Backed by Trump Reveal Bitcoin Holdings — Is This Bullish for Trump Coin?

American Bitcoin (ABTC), a mining venture supported by the Trump family, revealed holdings of 215 BTC—worth over $23 million—as it eyes a Nasdaq listing. With Eric Trump on the board and partnerships with major players like Hut 8, the move signals serious crypto intent. This has stirred bullish sentiment around Trump Coin ($TRUMP), a meme token tied to the Trump brand. The alignment of political influence, BTC accumulation, and public market ambitions could amplify Trump Coin’s appeal. Still, risks include regulatory pressure and brand volatility, as speculative hype—not fundamentals—drives the token’s price action.

2025-06-11Read
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