Trump Family-Backed Bitcoin Mining Firm Acquires $23 Million Worth Of BTC, Signals More Accumulation In The Future
Wednesday, 11 June 2025 () American Bitcoin, a Bitcoin (CRYPTO: BTC) mining company backed by Eric Trump and Donald Trump Jr., bought millions worth of the apex cryptocurrency, according to a recent filing with the SEC. What Happened: The firm reported having 215 BTC in its reserve as of May 31, amounting to $23.57 million…
Blockstream CEO Adam Back believes Bitcoin could achieve the $1 million target way before Wall Street accumulates 10% of the crypto. He suggested that even a widespread 2% allocation across major asset managers like BlackRock would be enough to push Bitcoin’s price to $1,000,000 per BTC.
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