Trump-linked Bitcoin miner and treasury company American Bitcoin added 1,414 BTC to its holdings, bringing its total stash to 3,865 BTC. American Bitcoin, the mining and treasury company co-founded by Eric Trump and Donald Trump Jr., added more than 1,400 Bitcoin to its holdings. According to a Monday announcement, American Bitcoin acquired 1,414 Bitcoin (BTC) for about $163 million. This brought the total holdings to 3,865 BTC, worth almost $445 million. Eric Trump, who serves as chief strategy officer, said the company is focused on increasing its Bitcoin-per-share ratio, a metric it considers central to shareholder value. “We believe one of the most important measures of success for a Bitcoin accumulation platform is how much Bitcoin backs each share,” he said. Read more
A growing demand for stablecoin payments and tokenized real-world assets is creating more institutional interest in blockchain-based services, according to IBM. Technology giant IBM launched a cryptocurrency platform for US institutions, marking one of the company’s strongest pushes yet into digital assets and blockchain infrastructure. IBM’s platform will offer US businesses and governments crypto custody and payment services by the end of the year, aiming to simplify the integration of digital assets into the existing financial infrastructure. The new platform, called the “Digital Asset Haven,” will enable institutions to directly access onchain yield from decentralized finance (DeFi) protocols across 40 public blockchain networks. It will also help meet the complex token compliance needs of institutions operating under the same platform. Read more