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Trump-Linked American Bitcoin Boosts Treasury To 6,100 BTC And Adds 11,000 New Mining Rigs
Bitcoin is trading back above $70,000 after a sharp rejection from the $110,000–$115,000 region, with price hovering near key long-term moving averages that many traders watch as support. On-chain data indicates that American Bitcoin, a mining operation associated with the Trump family, has mined about 766 BTC this year and is holding these coins on-chain as part of a wider strategy that now includes an 11,000-rig expansion and a total reserve of roughly 6,100 BTC.